Proprietor salary
This query is : Resolved
02 June 2015
In sole proprietorship, Is the proprietor withdrawn salary every month? If yes what is the limit or any rule?
02 June 2015
Proprietor salary is not an allowable expenditure under Income tax. It will be treated as capital withdrawal, no limit for such withdrawal.
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04 June 2015
no, prop cannot take salary its take withdraw from the capital a/c
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