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Gift to partnership firm by the former of firm

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 February 2013 Can individual donate to partnership firm business rs 5000/-
What documentation is required?
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CA. RAGHAV GARG

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CA. RAGHAV GARG (Expert)
11 February 2013 it will add in the capital balance of his capital. no other way.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
29 July 2013 No gift cannot be given to a partnership firm. It can be given to the partners and if you are a partner then only it is to be credited to your capital account in the books of the firm
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