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Payment to proprietor as drawings exceeding 20000/-

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(Querist)
14 July 2014 dear sir

Whether payment made by a sole proprietorship firm to proprietor exceeding Rs 20000/-as drawings is allowed or not ?


Thanking you
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
14 July 2014 drawings are not an expense. so not covered under disallowance...

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