CAPITAL ADDITION IN CASH BY PARTNER INTO PARTNERSHIP FIRM

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24 Points Posted on 04 September 2023

Is there any limit of cash transaction for capital addition by partner into partnership firm?

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On 04 September 2023 at 16:46 Report
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This discussion clarifies the rules around adding capital to a partnership firm via cash. While Section 269ST restricts cash transactions to under Rs. 2 lakhs, a High Court ruling suggests there might not be a strict limit for capital additions by partners. It's crucial to maintain proper documentation for any cash amounts introduced.

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"Do the Right Thing...!!!"
128157 Points Posted on 04 September 2023
Not exceeding 2lakhs as per Sec 269St.
Also keep documents evidence for cash amount.
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On 04 September 2023 at 17:00
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24 Points Posted on 04 September 2023

in single day or whole year?

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On 04 September 2023 at 17:06
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Profession
28271 Points Posted on 04 September 2023
Rs.199999 equal to or less than Sec 269ST
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On 04 September 2023 at 17:56
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Partner
43 Points Posted on 04 September 2023
There is no limit as per HC ruling
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On 04 September 2023 at 20:28

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