Dear All,
Can u clarify me if a Proprietor or Partner Drawings amount can added as their income pls explain me.
INDRA
Menu
Drawings
Replies (6)
Drawings are from taxed income. Therefore where does the adding back question arise?
Drawings are household expenses on personal matters out of Taxable incomeso there is no question of adding back in income it is a part of income
No
Drawings cannot be added to the income of the person
Drawings cannot be added to the income of the person
Dear Srinivas,
If Drawings cannot be added as income of the person, then the amount of Drawings how to show in the person IT File?
INDRA
Recent Threads
- Withdrawal from post NSS
- Section 10(11) or 10(12) of exempted income
- New income tax act
- Duplication of Interest on SCSS deposits in postof
- Declaration of foreign investment
- Parent buying property for major child
- LIC maturity amount filing missed
- Advice on income tax
- E filing thr net banking for AY2025-26
- PROPERTY REPORTING IN ITR
Related Threads
CAclubindia
