Properitor
ABHI KUMAR (710 Points)
25 March 2021
properitor widraw money from own current account from personal use nd treated as salary if yes then he claim expenses in properitor firm
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 25 March 2021
But why the amount withdrawn from the current account for personal use be treated as salary
Shwetha Nadiger
(4 Points)
Replied 25 March 2021
Any amount withdrawn by Proprietor is treated as Drawings and is allowed to claim as Expense from Capital Account
Here the Money withdrawn shall not be treated as Salary.
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