Salary in sole proprietorship.

Akash Jain (9 Points)

26 January 2022

An owner of sole proprietorship can take
salary from the business.

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6 Replies

GARG SACHIN and ASSOCIATES (Student) (7 Points)
Replied 26 January 2022

No, he can't

1 Like

prasad Nilugal ( GST Practitioner & Accounts ) (14868 Points)
Replied 26 January 2022

Yes, agree with Garg Sir ,

1 Like

Akash Jain (9 Points)
Replied 26 January 2022

Thank u Mr. Garg.

Priya Sharma (Account Manager) (167 Points)
Replied 27 January 2022

No, He can't

1 Like

Nidhi (Chief Accountant) (3150 Points)
Replied 28 January 2022

No, you can't do that

Aarti Maurya (Student) (3273 Points)
Replied 29 January 2022

no a sole proprietor cannot draw salary from his business.It will be treated as drawings.

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