Drawings

Others 1124 views 6 replies

Dear All,

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

INDRA

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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