Banking
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 January 2016
HELLO WE HAVE INCORPORATED A COMPANY AND AND HOW TO DISTRIBUTE PROFIT FROM CURRENT ACCOUNT I MEAN HOW TO WITH DRAW MONEY FROM CURRENT ACCOUNT.
08 January 2016
Company is a separate legal entity from all members no profit can be withdraw from current account however director can be given remuneration as per companies act 2013
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 January 2016
exactly my point is that no profit can be withdrawn and there is non executive director so certain limit is there to give remuneration but the amount of profit will stay in current account there must be some some way please guide me on that as there is two director but 5 five ppl r there inclusivly who is inscreasing company sell and they are asking for the shairing out of profit so how to withdraw such amount to distribute. kindly reply
09 January 2016
you can give commission on the basis certain % of profit and accordingly claim it in PL A/c.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- ITC EXCESS CLAIM + RCM NOT PAID...BOTH FOR FY 2020-21......PAID IN FY 2024-25....EFFECT
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
