Personal drawings expenses limit incase of Individuals

This query is : Resolved 
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A proprietor filing under Section 44AD sought advice on reducing their cash balance by showing personal drawings. They were concerned about any limits on the amount of personal drawings they could declare. The response confirmed that there is no specific limit for personal drawings for a proprietor.

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(Querist)
20 October 2021 Dear Sir,

My personal balance sheet is showing cash in hand of around Rs. 4 lacs and I want to reduce the amount. I do business under my name as a proprietor.

I want to reduce the cash balance by showing personal drawings in cash. Is there any limit in showing Personal drawings amount. My return is filed U/s. 44AD.

Please help me in this matter.

Regards,
Divyesh Jain
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 October 2021 No limit for such drawings, being proprietor.
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DIVYESH JAIN

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DIVYESH JAIN (Querist)
20 October 2021 Ok, Thanks for your reply...
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 October 2021 You are welcome.....
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