Limited liability partnership unsecured loan

172 views
User Avatar

student
63 Points Posted on 25 October 2021
is it possible to transfer balance in unsecured loan of partners of LLP to their capital account
0 Reply Share Follow
On 25 October 2021 at 22:56 Report
Replies (2)
Quick Summary
This discussion explores the possibility of transferring unsecured loan balances of partners within a Limited Liability Partnership (LLP) to their respective capital accounts. It specifically queries the provisions within the LLP Act 2008 regarding such transfers. The initial sentiment suggests that such a transfer may not be permissible under the current legislation.

User Avatar

GST Practitioner & Accounts
15150 Points Posted on 26 October 2021

What is written in the LLP Act 2008 ?. 

Reply
On 26 October 2021 at 11:35
User Avatar

Chartered Accountant
24588 Points Posted on 03 November 2021
I think it is not possible
Reply
On 03 November 2021 at 13:13

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Income tax act 2026
  2. Belated Return where Form 10IEA filed this year to
  3. GST Reconciliation Tool (2A vs Books) - looking fo
  4. TDS ON PF FORM 19 WITHDRAWAL
  5. Can a virtual office in Mumbai be used for company
  6. Eway and e invoicing in condition where 4 party ar
  7. Bank balance in ITR-3
  8. INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
  9. Tempsens Instruments IPO GMP Allotment Listing dat
  10. Upload Type - Correction. Not showing in TDS filli

More recent discussions | Post

Related Topics :

Loading