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Can we carry forward loss and unabsorbed depreciation of company after conversion to LLP

Others 1324 views 1 replies

Hello

We are converting our company to LLP before conversion we have carry forwarded losses and  Unabsorbed depreciation can we carry forwarded that loss and depreciation after the conversion.

If the answer is yes or no, can you provide the section.

Thanks

Replies (1)

If a private company is converted to an LLP as per the provisions of section 47 (xiiib), then the successor LLP is allowed to carry forward and set off the business loss and unabsorbed depreciation of the predecessor company.

In case of any further queries, kindly mail me at casoravgupta @ gmail.com

Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)


CCI Pro

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