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Drawings from a partnership firm

This query is : Resolved 
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(Querist)
10 August 2020 Can a partner withdraw his share of profit from a registered firm ,amounting to Rs 300000 , in cash?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
10 August 2020 Partner of the firm can take only up to “less than Rs. 2 lakhs” from the firm in cash

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