1. There are no restrictions on the introduction of Capital into Partnership firm by partners. However, if capital is introduced through cash, sec 269ST comes in play.
2. Sec 269ST restricts any person to undertake a transaction in cash in excess of Rs. 2 lakhs per day per person.
3. The above provision will be equally applicable to firm and partners.
4. Hence maximum amount that can be introduced by a Partner in a day to a firm in cash would be Rs. 2 lakhs.
Please correct me if the above solution has an alternative view.
Sec 269ST has not made any specific distinction between trading and other transactions. Hence any transaction if it exceeds Rs. 2 lakhs in a day made to a person will be covered under sec 269ST.
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