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Transfer to drawing accounts

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(Querist)
26 November 2022 is disallowable expenses transferred to drawing accounts in the case of individual and HUF.
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CA R SEETHARAMAN online

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CA R SEETHARAMAN online (Expert)
26 November 2022 Yes, it can be transferred.
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Daya

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Daya (Querist)
26 November 2022 sir,
Fixed assets purchased in the case of HUF and proprietorship business for personal purpose, it should be transferred in drawing accounts or Fixed assets accounts?



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CA R SEETHARAMAN online

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CA R SEETHARAMAN online (Expert)
26 November 2022 It should be transferred to drawing accounts.

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