partner contribution

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articles student
113 Points Posted on 12 July 2018
whether a partnership firm can accept contribution from it's partner in cash
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On 12 July 2018 at 11:28 Report
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Chartered Accountant
4524 Points Posted on 12 July 2018
Yes, there is no express prohibition on accepting partner's contribution in cash as section Section 269SS, read with section 271D, of the Income-tax Act, 1961 doesn't applicable on it.
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On 12 July 2018 at 12:30

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