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Loan amount transferred to partners capital account
A partnership firm cash loan from Mr.A rs:10 lacs on bank online mode.firm cash loan amount transferred to partners capital account allowed in it act.
Replies (6)
Not allowed more than 200000
Loan taken firm from Mr .A amount interest and tds not deducted .loan amount rs:10 lacs partner individual account transfer allowed.
Loan taken firm from Mr .A amount interest and tds not deducted .loan amount rs:10 lacs partner individual account transfer allowed.
Not allowed
How tax part calculate in case of partnership firm and firm taking monthly rent from tenant
Tax is 30% of income
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