Certification Course on Tally With AI
DPDP Act, 2023 : Impact on CA Firms
Certification Course on Python with AI for Finance Professionals
Certification Course on Practical Filing of GST Returns
Demystifying Section 68 to 69C of the Income tax Act, 1961
GST on Hospital Sector
In a sole proprietorship business how do we treat salary paid to proprietor?
Salary to partner is not allowed as expense under Income Tax Act
Hi Vijay,
My question was relating to salary paid to proprietor.. and not " Partner"
Typing mistake , actually salary paid to proprietor is not allowed under Income Tax
And for accounting purpose also, passing salary entry to prop. does not make any sense
I strongly agree with Mr. Vijay, how can a proprietor pay salary to himself/herself and the same is not allowed too in Income Tax. Instead the proprietor can pay salary to any other member/spouse
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
India's largest network for finance professionals
Alternatively, you can log in using: