Can sole proprietor take salary??

26 November 2021

can sole proprietor take salary??

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5 Replies

CA Raj Doshi (Practising CA) (8924 Points)
Replied 26 November 2021

No. Salary is paid by a distinct employer to a distinct employee.

Atharv Sankliya (1354 Points)
Replied 27 November 2021

So what if he takes salary a record it as employees salary and in actual there is no employee in his firm

pravin (student) (39 Points)
Replied 27 November 2021

It is called Scam.

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Atharv Sankliya (1354 Points)
Replied 27 November 2021

Is there any penalty for that and how the govt or IT department know that

sabyasachi mukherjee (27574 Points)
Replied 27 November 2021

Sole propreitor can withdraw money from firm

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