Is there any restriction in Income Tax Law if a partner draws any amount cash from his own firm and deposit it also cash?
Partner draws any amount cash from his own firm and deposit
sultanpur (Accountant) (31 Points)
06 December 2013
Jitndr
(Final Student)
(92 Points)
Replied 06 December 2013
There is no restriction in a partner introducing or withdrawing cash in his partnership firm.
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