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Cash Withdrawal by Partners in an LLP

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(Querist)
27 April 2022 sir,

Whether a partner of an limited liability partnership can withdraw amount standing in his current capital account of Rs. 1000000 (Ten Lakh) by cash.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 April 2022 No, such cash drawl should be less than 2 lacs.

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