can partner withdraw from firm
This query is : Resolved
27 June 2009
can partner withdraw upto rs.5 lacs from his partnership firm.
pls give me answer quickly
pls give me answer quickly
27 June 2009
Yes Sandip,
Partner can withdraw Rs. 5 lacs from his firm. there is no limit as such in the Income Tax Act.
Partner can withdraw Rs. 5 lacs from his firm. there is no limit as such in the Income Tax Act.
27 June 2009
yes correct
28 June 2009
There is no such limit for a partner.
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