Properitor

205 views 3 replies
properitor widraw money from own current account from personal use nd treated as salary if yes then he claim expenses in properitor firm
Replies (3)
But why the amount withdrawn from the current account for personal use be treated as salary
Any amount withdrawn by Proprietor is treated as Drawings and is allowed to claim as Expense from Capital Account Here the Money withdrawn shall not be treated as Salary.
No such drwaings are deductible as expenditure


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register