Personal drawings both status allowed
This query is : Resolved
Quick Summary
Kollipara Sundaraiah
(Querist)
11 July 2021
Sir,
A person huf and individual both status it returns filed every year
1.personal drawings (house expenses) rs:1,50,000/-
2.personal drawings (house expenses)rs:1,00,000/-
Question:
Assess personal drawings both status allowed or one status only allowed in it act.
A person huf and individual both status it returns filed every year
1.personal drawings (house expenses) rs:1,50,000/-
2.personal drawings (house expenses)rs:1,00,000/-
Question:
Assess personal drawings both status allowed or one status only allowed in it act.
CA R SEETHARAMAN
(Expert)
11 July 2021
Both status allowed, as it's his personal and family money.
Message likes :
1 times
CA Rashmi Gandhi
(Expert)
11 July 2021
Alowed under both status.
Message likes :
1 times
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