Urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 May 2015
Dear sir
can i show one lacs cash capital in partnership firm ie... cash dr 100000
to capital 100000
plz reply
can i show one lacs cash capital in partnership firm ie... cash dr 100000
to capital 100000
plz reply
28 May 2015
Yes. No problem. You are not introducing it as a loan, which attracts sec 269SS & T of Income Tax Act, 1961. You may do it.
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