Dear All,
Can u clarify me if a Proprietor or Partner Drawings amount can added as their income pls explain me.
INDRA
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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
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