Trans of positive capital of one partner to another partner
This query is : Resolved
01 October 2010
My Quetion is that
is it possible to transfer one of partner positive capital account balance to another partner capital account having negative capital account balance, without giving any cash to other partner having positive capital balance?
whether AO may object this type of transaction?
My Quetion is that
is it possible to transfer one of partner positive capital account balance to another partner capital account having negative capital account balance, without giving any cash to other partner having positive capital balance?
whether AO may object this type of transaction?
01 October 2010
no it is not possible without giving anything .
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