Cash drawings

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Hemant Kotak (Querist)
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24 July 2015 Please advice is there any limit for amount of cash drawings by partners or proprietor...as in the case of cash expenses

Arpit Shah (Expert)
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25 July 2015 http://taxguru.in/income-tax/income-tax-payment-of-more-than-rs-20000-amendement-in-rule-6d-of-the-income-tax-rules.html

Arpit Shah (Expert)
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25 July 2015 There is No Limitation Regarding Withdraw of Cash by partner in Partnership Firm, it will be like a loan to partner by firm.

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