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salary to self
under which section a Sol proprietors. cannot avail the deduction for salary pat to himselves
Replies (4)
What difference will it make in tax calculation????
Sir as per I know
we should not deduct salary to self while caluclating income under B/P
Even in accountancy while preparing P/L of proprietorship we not show it as expenses
please correct if I am wrong
we should not deduct salary to self while caluclating income under B/P
Even in accountancy while preparing P/L of proprietorship we not show it as expenses
please correct if I am wrong
@ Vinay Kumar.........
Yes, you are correct......... main reason is there is no effect of that additional effort........
Something like .... one hand transfers to another hand of SAME PERSON !!!
thanks sir
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