CAPITAL ADDITION IN CASH BY PARTNER INTO PARTNERSHIP FIRM

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

Replies (4)
Quick Summary
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.

Not exceeding 2lakhs as per Sec 269St.
Also keep documents evidence for cash amount.

in single day or whole year?

Rs.199999 equal to or less than Sec 269ST
There is no limit as per HC ruling

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