Whether contribution of 25 lacs include current capital a/c?
This query is : Open
shivam poddar
(Querist)
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
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
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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