Hi I am a partner of a firm and have withdrawn a certain amount as drawings. Do I need to show this income in my personal income sheet? The accountant where we file our company returns has told me not to as it is drawings but just wanted to double check here.
Thank you
Thank you
Hello Ishank,
Thank you for your reply. Please could you specify what pgbp head stands for? I was told that the amount given to me is shown as drawings in the company account and I do not need to show it in my personal income sheet. Please could you confirm.
Thank you
M N Rao & Associates LLP
Vijayawada
CA Inter
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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CCI
Pro
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