Updated Online video classes available for CA,CS,CMA for May20 and Nov20 batch. Call: 1800-3000-0505

269ST - is capital introduction a mode of undertaking transaction

Lokesh Jain (ghy)     01 October 2019

Lokesh Jain
 8 likes  153 points

| My Other Post

can I introduce Rs 210000/- in cash as a capital in partnership firm in a single day?

2 Like

Kapadia Pravin   01 October 2019

Kapadia Pravin

 875 likes  13629 points

View Profile | My Other Post

Technically speaking N0
But it is advisable for partner to first deposit in his SB account and from there - transfer to Partnership Firm by cheque or digital mode.

2 Like

sabyasachi mukherjee   02 October 2019

sabyasachi mukherjee

 91 likes  2298 points

View Profile | My Other Post

Deposit in bank is not within the purview of income tax act. Sec 269 St (introduced from AY 2018 19)

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Popular Discussion

view more »