Regarding applicabilty of section 269ST

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proprietor
1054 Points Joined April 2009

AB is a partnership Firm . C and D are the partners of AB partnership firm. C and D withdraw and introduced Rs.200000 in single day . This type of transactions are occured during normal course of business. 

Whether Section 269ST applicable for partners or not ?

 

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On 06 March 2022 at 12:09 Report
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CFO- at NHTF
58280 Points Joined August 2012
If Partnership deed allows withdrawal of capital then Section 269ST is not applicable
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On 06 March 2022 at 12:30
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28012 Points Joined May 2017
It is governed by partnership deed.
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On 06 March 2022 at 13:26
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CFO- at NHTF
58280 Points Joined August 2012
Better to go by Account Payee Cheque or online payment
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On 06 March 2022 at 13:31
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28012 Points Joined May 2017
Income tax Act has made specific provisions .
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On 06 March 2022 at 13:42


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