Cash Withdrawal by Partners in an LLP
This query is : Resolved
27 April 2022
sir,
Whether a partner of an limited liability partnership can withdraw amount standing in his current capital account of Rs. 1000000 (Ten Lakh) by cash.
Whether a partner of an limited liability partnership can withdraw amount standing in his current capital account of Rs. 1000000 (Ten Lakh) by cash.
27 April 2022
No, such cash drawl should be less than 2 lacs.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
