- Carry Forward Losses:
- Losses from the business can be carried forward for up to 8 years and adjusted against future profits when the business starts generating income.
- Unabsorbed Depreciation:
- Depreciation that cannot be fully utilized in the current year can be carried forward indefinitely and set off against any future income.
- Reduced Tax Liability in Profitable Years:
- When your startup starts earning profits, carried-forward losses will reduce the taxable income, lowering the tax liability.
For more assistance with LLP taxes, compliance, or registration, visit llpconsultant.com and let our experts guide you!
2 Comments
Thanks for sharing..Please provide your contact details or mail us so we can connect with you for our LLP Compliances. Your office is in ahmedabad so can we meet..pls mail for this
Yes. We provide llp registration and consultancy services in ahmedabad. Team will mail you.
Thanks.