Cash withdrawal amount treated loan accepted in it act

one of the partner cash received rs:10 lacs from partner ship firm.
question:
partner amount from partnership rs:10 lacs treatment cash loan from partnership firm accepted in it act.
Replies (2)
Quick Summary
This discussion clarifies the tax treatment of a partner withdrawing Rs. 10 lacs cash from a partnership firm. It confirms that such a withdrawal can be treated as a loan under the IT Act, provided a formal loan agreement is in place. Proper documentation is essential to support this treatment.

Yes it would be provided there is an loan agreement on that behalf
Loan documentation should be provided

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