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CAPITAL ADDITION IN CASH BY PARTNER INTO PARTNERSHIP FIRM

CA Bhavesh Thummar (24 Points)

04 September 2023

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

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4 Replies

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 04 September 2023

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

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CA Bhavesh Thummar (24 Points)
Replied 04 September 2023

in single day or whole year?

sabyasachi mukherjee (27803 Points)
Replied 04 September 2023

Rs.199999 equal to or less than Sec 269ST

Deepak Mittal (Partner) (43 Points)
Replied 04 September 2023

There is no limit as per HC ruling

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