cash withdrawal
This query is : Resolved
08 August 2008
Can i withdraw cash from a director cum shareholder a/c.for his individual a/c.(for Bank SB A/c.Cash Depsoit)
as like in partnership firm partners a/c.?
or
I have to issue a cheque for that.
experts answer immediate need.
as like in partnership firm partners a/c.?
or
I have to issue a cheque for that.
experts answer immediate need.
09 August 2008
u r not clear to me. wht exactly u want to ask
09 August 2008
The director can not withdraw cash from the company's bank account for his personal requirement or cash deposit in personal savings bank account like withdrawls made by a partner from the firm. Basically, partner can withdraw from the bank account of the firm on account of his capital account with the firm but the same is not true with the company as the director may be a shareholder but the capital belongs to the company only.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
