Investments by sole proprietor
This query is : Open
Nikhel Morris
(Querist)
01 October 2020
Can I as a sole proprietor invest my profits into equity/mutual funds on the company name, will this show as assets on my balance sheet and can this be a legitimate business expense to minimise my taxable income?
Sagar Patel
(Expert)
10 October 2020
It's not Expenses..it's just investment
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