Partner fixed assets introduced payment through on cash mode
This query is : Resolved
14 November 2021
Sir,
A partnership firm two partners working.one of the partner introduced capital by cash (cheque) brought.but any partner brought capital by cash(cheque) and fixed assets value rs:50,000/-
Partner assets value rs:50,000/- payment made by cash mode(40a3 rs:10,000/- limit per day.
Question:
Partner assets value dis allowed in partnership firm under it act.
A partnership firm two partners working.one of the partner introduced capital by cash (cheque) brought.but any partner brought capital by cash(cheque) and fixed assets value rs:50,000/-
Partner assets value rs:50,000/- payment made by cash mode(40a3 rs:10,000/- limit per day.
Question:
Partner assets value dis allowed in partnership firm under it act.
15 November 2021
Not disallowed, cash payment for purchase made within limits.
Message likes :
1 times
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- CREDIT NOTES WITHOUT GST
- FORM 141 SDV query
- Eway bill not cancelled within 24 hous what can be due
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Sales of goods of amount Rs97 lakhs to a party
- GST rate and HSN code for sale of racing horses
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
