Partnership
This query is : Resolved
10 February 2016
How much is the limit of drawings that a partner can withdraw???
13 February 2016
There is no limit on partners' drawings. However most partnership deeds have a restrictive clause and the firm is governed solely by its Partnership Deed and availability of cash. Most partnership deeds also have a clause charging interest to partner's who have overdrawn their capital.
However as per law there is no limit.
However as per law there is no limit.
14 April 2016
You are most welcome - this time I apologise as I had not logged in for about a week.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- Confusion around Form 26QB fields
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Return material
- TDS is applicable on payment of Fix Meal
- Form ITC 04
- TDR receipts for agreement holder
- Point (III) 9 of GSTR-9C
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
