Is there any limit of cash transaction for capital addition by partner into partnership firm?
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CAPITAL ADDITION IN CASH BY PARTNER INTO PARTNERSHIP FIRM
Replies (4)
Not exceeding 2lakhs as per Sec 269St.
Also keep documents evidence for cash amount.
Also keep documents evidence for cash amount.
in single day or whole year?
Rs.199999 equal to or less than Sec 269ST
There is no limit as per HC ruling
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