LAWyersclubindia LCI
Login  Register
LCI Learning
Master the Basics of Legal Drafting in All Courts. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

  Start a discussion   Unanswered Report Abuse

K.Ganesh (CA)     24 September 2012

Partnership

Hi

 

Are drawings drawn from the partner's capital account taxable in partners; hands?



Reply   Follow

 2 Replies

CA SANKAR

CA SANKAR (PRACTING CHARTERED ACCOUNTANT )     26 September 2012

No.It is not taable
CA SANKAR

CA SANKAR (PRACTING CHARTERED ACCOUNTANT )     26 September 2012

Sorry for the spelling mistake. It is not taxable

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics


View More

Related Threads


Loading
Start a New Discussion Unreplied Threads
Laws Follow us


Popular Discussion


  1. Breach of agreement or cheating
  2. Misconduct of adv/bar council help neede
  3. Need certified copy of a deed
  4. Daughter married after 1994 karnataka
  5. Mere registration of the will wont make
  6. Attending a gd complaint in other state
  7. Accused not found in cheque bounce case
  8. Submitting of proof of adultery
  9. Plain affidavit vs relenquish deed
  10. Regarding party in a contempt case

view more »



Browse by Category




Stay updated with latest Posts!