Dear All,
Can u clarify me if a Proprietor or Partner Drawings amount can added as their income pls explain me.
INDRA
Menu
Drawings
Replies (6)
Drawings are from taxed income. Therefore where does the adding back question arise?
Drawings are household expenses on personal matters out of Taxable incomeso there is no question of adding back in income it is a part of income
No
Drawings cannot be added to the income of the person
Drawings cannot be added to the income of the person
Dear Srinivas,
If Drawings cannot be added as income of the person, then the amount of Drawings how to show in the person IT File?
INDRA
Recent Threads
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
Related Threads
CAclubindia
