banner_ad

Drawings

Others 1141 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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details