Income tax
This query is : Resolved
05 May 2012
if partners drawings during the year>capital contribution during the year then whether there is any violation under IT act /Partnership act?at the end of the year there balance is cr?
Whether Capital-Dr balance at a particular point of time in a year violate any law.
Whether Capital-Dr balance at a particular point of time in a year violate any law.
06 May 2012
i think it is not violation of any law....
07 May 2012
THERE IS NO VIOLATION AS PER INCOME TAX ACT.
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