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Cash drawings

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(Querist)
24 July 2015 Please advice is there any limit for amount of cash drawings by partners or proprietor...as in the case of cash expenses
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Arpit Shah

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Arpit Shah (Expert)
25 July 2015 https://taxguru.in/income-tax/income-tax-payment-of-more-than-rs-20000-amendement-in-rule-6d-of-the-income-tax-rules.html
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Arpit Shah

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Arpit Shah (Expert)
25 July 2015 There is No Limitation Regarding Withdraw of Cash by partner in Partnership Firm, it will be like a loan to partner by firm.
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