Whether partner can invest CASH in his capital ?
This query is : Resolved
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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.
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23 February 2020
Maximum two lakhs. Violation attracts penalty u/s 271DA to the recipient.
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31 August 2020
The amount of penalty will be sum equal to amount received by a recipient.
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