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Querist : Anonymous

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Querist : Anonymous (Querist)
28 May 2015 Dear sir
can i show one lacs cash capital in partnership firm ie... cash dr 100000
to capital 100000


plz reply
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CA John Abraham Austin ACA

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CA John Abraham Austin ACA (Expert)
28 May 2015 Yes. No problem. You are not introducing it as a loan, which attracts sec 269SS & T of Income Tax Act, 1961. You may do it.

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