Withdraw money from OPC

Hello,

I am sole director in an OPC, which is engaged in export of software services. I haven't withdrawan any salary till now. I have a few contractors who raise bill to company and save tax using 44ADA, can I also raise an invoice to my company for technical services that I provide to the company? (I know for director services GST has to be paid on RCM basis, hence the distinction for both kinds of work)

Or is withdrawing it as salary my only option?

 

Thanks

 

Replies (2)
Quick Summary
A sole director of an One Person Company (OPC) is seeking advice on how to withdraw funds. They haven't taken a salary yet and are wondering if they can invoice the company for technical services, similar to how contractors use Section 44ADA for tax purposes. Alternatively, they are considering taking a salary. The core question is whether a contract payment is a viable option to benefit from 44ADA, rather than solely relying on salary.

You can withdraw salary without issuing invoices

Thing is I don't want it as salary but as contract payment so I can take benefits under 44ADA

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
11 August 2026
Chartered Accountant

Aviv Global Pvt Ltd

Ahmedabad

CA

View Details
Company
11 August 2026
Manager / Senior Manager - Statutory Audit

CommerceCareer

New Delhi

CA

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details