Capital contribution by partner in LLP in cash of rs 2 lac

PIYUSH KABRA (MANAGER FINANCE) (52 Points)

11 July 2020  

After a LLP formation partner contributed their capital through  cheque but after some time during the year they infused some more capital in cash of rs 2 lac multiple times and did withdraw of the same in cash also . whether section 269SS and 269ST will be applicable on LLP for these transactions??