Loan amount transferred to partners capital account

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B.com
3005 Points Joined June 2012
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.
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On 01 February 2023 at 22:21 Report
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Chartered Accountant
86505 Points Joined April 2011
Not allowed more than 200000
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On 01 February 2023 at 22:30
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B.com
3005 Points Joined June 2012
Loan taken firm from Mr .A amount interest and tds not deducted .loan amount rs:10 lacs partner individual account transfer allowed.
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On 02 February 2023 at 14:52
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B.com
3005 Points Joined June 2012
Loan taken firm from Mr .A amount interest and tds not deducted .loan amount rs:10 lacs partner individual account transfer allowed.
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On 02 February 2023 at 14:51
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Chartered Accountant
86505 Points Joined April 2011
Not allowed
2 Reply
On 02 February 2023 at 23:39
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2 Points Joined February 2023
How tax part calculate in case of partnership firm and firm taking monthly rent from tenant
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On 04 February 2023 at 17:58
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Chartered Accountant
86505 Points Joined April 2011
Tax is 30% of income
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On 04 February 2023 at 23:14


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