Transfer of capital account balance of retiring partner

This query is : Resolved

Jasbir Singh (Querist)
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23 April 2015 Dear Sir,

Please tell me whether amount of capital balance of retiring partner can held as unsecured loan by transfer entry from retiring partner capital a/c to retiring partner unsecured loan a/c without attracting Sec 269ss/ 269t

Thanks & Regards

CA. Jasbir Dahiya
Cont. 9813315050
Email id cajasbir.dahiya@gmail.com

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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23 April 2015 Amount of retiring partner can be held as unsecured loan by transfer entry.
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At the time of repayment provisions of Section 269T will be applicable.
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