Dear Sir,
What is the limit for raising capital by cash in proprietorship firm?
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Capital in cash
Replies (4)
Quick Summary
Depends on cash in hand in the books of accounts based on accounts maintained and/or ITRs filed
Another pertinent point.
as per partnership deed or as agreed mutually.
as per partnership deed or as agreed mutually.
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.
In Partnership check you cash balance as mentioned above along with provision in partnership deed regarding same.
Is there a limited account amount of cash that can be raised in proprietorship firm?
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