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Personal drawings expenses limit incase of Individuals

This query is : Resolved 

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

20 October 2021 No limit for such drawings, being proprietor.

20 October 2021 Ok, Thanks for your reply...

20 October 2021 You are welcome.....



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