After a LLP formation partner contributed their capital through cheque but after some time during the year they infused some more capital in cash of rs 2 lac multiple times and did withdraw of the same in cash also . whether section 269SS and 269ST will be applicable on LLP for these transactions??
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Capital contribution by partner in LLP in cash of rs 2 lac
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You can treat it as current capital contribution and drawings respectively. Sec 269SS and 269ST wont be applicable to the best of my knowledge.
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