Q. Incase of the partnership firm the partner can introduced the Capital or current account in cash exceeding of RS. 20000/- or they can also withdrawal exceeding of Rs.20000/- it will be valied transaction or in that case whether the section 269 SSor 269T will be applicable or not please advice me .
1 Replies
PiyushAgrawal
(Chartered acooutant in practice)
(575 Points)
Replied 05 May 2009
Hello Gopal,
A partner can introduced and withdrawn capital in cash greater than 20000/- RS.
,
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