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Whether partner can invest CASH in his capital ?

This query is : Resolved 

23 February 2020 I am Partner in a Firm whether i can can increase my capital by investing additional CASH.If yes what is the maximum limit i can incest by CASH.

Read more at: https://www.caclubindia.com/experts/ask_query.asp

23 February 2020 Maximum two lakhs. Violation attracts penalty u/s 271DA to the recipient.

31 August 2020 The amount of penalty will be sum equal to amount received by a recipient.


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