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Loss of LLP on dissolution, Income Tax

Issue Id: - 3795
Dated: 8-2-2012
By:- bhagyashree sathe

Loss of LLP on dissolution


  • Contents

One LLP incurring business loss of about 8 to 10 Lakhs of Rs, is being wound up.

Will this business loss be allowed to set off in the hands partners[ designated and others] agianst their business income?

Orelse could this be allowed as loss on account of investment in LLP?

Seeking for sections/rules under Income tax Act, opinion or article if any.

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Showing Replies 1 to 1 of 1 Records

Page: 1


1 Dated: 1-3-2012
By:- Vivek Harsh

 

In my view loss shall not be allowed in hands of partners.


Page: 1

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