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Drawings from partners current account

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 August 2013 Sir,

We are 2 partners we want to witdraw profit, can we withdraw it from our current account, and what would be about taxability?
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@VaibhavJ

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@VaibhavJ (Expert)
07 September 2013 Withdrawal from Current A/c is not taxable.

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