REGARDING PARTNER WITHDRAWL AND ADDITION IN PARTNESHIP FIRM


This query is : Resolved 

Quick Summary
This discussion clarifies the liability concerning partner withdrawals and additions to a partnership firm. Transactions made through banking channels generally do not incur liability. However, if funds are withdrawn or added in cash, partners may face penalties under Section 269ST of the Income Tax Act.

03 September 2022 Whether there is any liability arise on withdrawal and addition of funds in partnership firm by partners ?

04 September 2022 No liability in case of withdrawal and addition of funds through banking channel.

04 September 2022 what is liability in case of withdrawal and addition of funds through cash ?

04 September 2022 269ST penalty applicable.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
11 August 2026
Manager / Senior Manager - Statutory Audit

CommerceCareer

New Delhi

CA

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details