can a director of a private limited company, withdraw amount from company as advance against salary for the year?
Any compliance for this in ROC and income tax?
NISHANT SHAH (Tax Practioner) (235 Points)
22 May 2020can a director of a private limited company, withdraw amount from company as advance against salary for the year?
Any compliance for this in ROC and income tax?
Asha Kanta Sharma
(Manager - Finance & Accounts)
(10534 Points)
Replied 22 May 2020
I think it is not allowed under section 185. Please see the below
shadab shaikh
(133 Points)
Replied 24 May 2020
CAclubindia
