Payment to proprietor as drawings exceeding 20000/-
This query is : Resolved
Pankaj Azad
(Querist)
14 July 2014
dear sir
Whether payment made by a sole proprietorship firm to proprietor exceeding Rs 20000/-as drawings is allowed or not ?
Thanking you
Whether payment made by a sole proprietorship firm to proprietor exceeding Rs 20000/-as drawings is allowed or not ?
Thanking you
Nikhil Kaushik
(Expert)
14 July 2014
drawings are not an expense. so not covered under disallowance...
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