Menu
Self payment
can proprioter pay account fees to self for self filing return?
Replies (1)
You cannot pay yourself professional fees for filing your own return because a sole proprietor and their business are the same entity. Such payments are not recognized as legitimate business expenses for tax deduction purposes.
Recent Topics :
- Capital Gain on sale of Depreciated Factory Gala
- Interesting Observation from a Recent Income Tax S
- ITR 3 Utility Not Taking Marginal Relief on Net To
- MV Electrosystems IPO Allotment Date, Status Check
- TDS payment code query
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
Related Topics :
CAclubindia
