Whether contribution of 25 lacs include current capital a/c?

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shivam poddar (Querist)
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22 November 2017 Dear members,

For the purpose of audit requirement under LLP, whether 25 llacs limit of capital contribution includes Current capital account of partners ?

Thanks

Ca. Shivam Poddar

+91 9899898748
cashivampoddar@gmail.com

RAJA P M

RAJA P M (Expert)
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22 November 2017 I think No... Current account is not a standard Capital. It's business transactions related account. So, it's not included the limit...

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