Transfer of capital account balance of retiring partner
This query is : Resolved
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
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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