Dear Sir,
What is the limit for raising capital by cash in proprietorship firm?
4 Replies
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 19 July 2020
Depends on cash in hand in the books of accounts based on accounts maintained and/or ITRs filed
sabyasachi mukherjee
(27529 Points)
Replied 20 July 2020
Another pertinent point.
as per partnership deed or as agreed mutually.
as per partnership deed or as agreed mutually.
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 20 July 2020
You can raise cash as capital in proprietorship firm up to the cash balance in your personal books of account maintained and/ or filed with ITR.
In Partnership check you cash balance as mentioned above along with provision in partnership deed regarding same.
In Partnership check you cash balance as mentioned above along with provision in partnership deed regarding same.
Prachi Bansal
(3129 Points)
Replied 05 May 2021
Is there a limited account amount of cash that can be raised in proprietorship firm?
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