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Capital in cash

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Assistant Manager
34 Points Posted on 19 July 2020

Dear Sir,

What is the limit for raising capital by cash in proprietorship firm?

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On 19 July 2020 at 16:08 Report
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Practising CA
8954 Points Posted on 19 July 2020
Depends on cash in hand in the books of accounts based on accounts maintained and/or ITRs filed
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On 19 July 2020 at 16:48
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Profession Business
28196 Points Posted on 20 July 2020
Another pertinent point.

as per partnership deed or as agreed mutually.
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On 20 July 2020 at 08:52
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Tax and Business Consultant
11616 Points Posted on 20 July 2020
You can raise cash as capital in proprietorship firm up to the cash balance in your personal books of account maintained and/ or filed with ITR.
In Partnership check you cash balance as mentioned above along with provision in partnership deed regarding same.
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On 20 July 2020 at 09:30
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3134 Points Posted on 05 May 2021

Is there a limited account amount of cash that can be raised in proprietorship firm?

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On 05 May 2021 at 12:01

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