Whether capital contribution in cash by partners will be taxable as cash credit

FCS Deepak Pratap Singh , Last updated: 01 March 2022 Share Follow on Google News

CIT V. M. VENKATESWARA RAO (2015) 370 ITR 212 HONBLE APPELLATE TRIBUNAL, AP QUESTION Can capital contribution of the individual partners credited to their accounts in the books of the firm be taxed as cash credit in the hands of the firm, where the partners have admitted their capital contri

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About the Author

FCS Deepak Pratap Singh

Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.)

Dear Friends, MyselfFCSDeepak P. Singh ( B.Sc.. LLB, FCS. FIII, CIAFP, CRMP, ID) , A Fellow Member of ICSI, Law Graduate ,Fellow Member of Insurance Institute of India, Certified Independent Director ,Certified Insurance Anti Fraud Professional , Certified Risk Governance Professional ( ICSI-III) and cleared Limited I ... Read more

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