Propietor-salary not allowed why ?
Eswar Reddy S (CFO- at NHTF) (58270 Points)
04 January 2014Eswar Reddy S (CFO- at NHTF) (58270 Points)
04 January 2014
CA KARAN MAINI
(Practising CA)
(106 Points)
Replied 04 January 2014
CA KARAN MAINI
(Practising CA)
(106 Points)
Replied 04 January 2014
ARJUN ASHOK
(CA Industrial Trainee)
(125 Points)
Replied 04 January 2014
proprietorship business doesnt have a seperate identity, its status is nothing but Individual. in case of firms and other entity it had a seperate constitution and act.
chandrakant p labana
(article)
(30 Points)
Replied 04 January 2014
CA O.P. SINGH
(O P Singh & Co.)
(426 Points)
Replied 04 January 2014
The basic reason is same entity. In case of partnership legal entity is different of firm and there partners. it is not possible to give salary to your self since in case of proprietorship entity is same.
Rahul
(student)
(25 Points)
Replied 05 January 2014
pulak
(india)
(31 Points)
Replied 05 January 2014
kantijain
(Chartered Accountant in Practice)
(385 Points)
Replied 05 January 2014
CA. KAPILJAIN
(Audit Manager)
(105 Points)
Replied 05 January 2014
Gaurav
(student)
(21 Points)
Replied 05 January 2014
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 05 January 2014
b.t.malliarjunarao
(Accountant)
(68 Points)
Replied 09 January 2014