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Sir . for example ice cream trading enterprise has made a profit of 10 lakh .it is sole trading form of organization.sole trader/owner withdraw 3lakh from business.now owner has to pay income tax for 10 lakh or 3 lakh.
Shreesha .T.u
CA Foundation
★ 2K+
22-Feb-21 06:49
313
Answers (1)
10 lakhs
CA Suraj Lakhotia
Admin
22-Feb-21 10:47