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Profile photo of PCS Rohit ChauhanPCS Rohit Chauhan asked 4 years ago

llp-taxation

Do we need to carry forward the DTA/DTL after conversion of pvt ltd to LLP.Also will LLp make DTA/DTL or just follow IT rates of dep?

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1 Answers
Profile photo of PCS Manish MishraPCS Manish Mishra answered 4 years ago

Dear Sir,
 
We would not carry forward the DTA/DTL after conversion of company into LLP, further for accounting purpose we should follow IT rates for depreciation.