Transfer of capital account balance of retiring partner
This query is : Resolved
Jasbir Singh
(Querist)
23 April 2015
Dear Sir,
Please tell me whether amount of capital balance of retiring partner can held as unsecured loan by transfer entry from retiring partner capital a/c to retiring partner unsecured loan a/c without attracting Sec 269ss/ 269t
Thanks & Regards
CA. Jasbir Dahiya
Cont. 9813315050
Email id cajasbir.dahiya@gmail.com
Please tell me whether amount of capital balance of retiring partner can held as unsecured loan by transfer entry from retiring partner capital a/c to retiring partner unsecured loan a/c without attracting Sec 269ss/ 269t
Thanks & Regards
CA. Jasbir Dahiya
Cont. 9813315050
Email id cajasbir.dahiya@gmail.com
CA PARAS BAFNA
(Expert)
23 April 2015
Amount of retiring partner can be held as unsecured loan by transfer entry.
.
At the time of repayment provisions of Section 269T will be applicable.
.
.
At the time of repayment provisions of Section 269T will be applicable.
.
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