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Drawings by Directors of Private Limited Company

 
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Drawings by Directors of Private Limited Company
anna7787
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#3
08-07-2009, 06:20 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by faisal_desperado</i>
<br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by tanver1</i>
<br />Please anyone let me know whether a Director of a Private Limited company make drawings ? if so what is the treatment ? how it is taxed?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

Dear,
Please restructure your question, there is no concept of drawings by director,this is seems to be an illogical question, even a director can not apply for loan, except in some cases with restrictions, which are specified in the ordinance.

Best Regards,
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">




Why a director can not withdraw money from s business? When someone sets up a limited company, that person is already a director. It is not necessary to have any other employees at all.

The entry is;

Dr Drawings
Cr Bank




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Messages In This Thread
Drawings by Directors of Private Limited Company - by tanver1 - 07-27-2009, 07:41 PM
[No subject] - by faisal_desperado - 07-27-2009, 08:35 PM
[No subject] - by anna7787 - 08-07-2009, 06:20 PM
[No subject] - by farazkpmg - 08-07-2009, 10:41 PM
[No subject] - by anna7787 - 08-08-2009, 06:31 AM
[No subject] - by awaisaftab - 08-08-2009, 03:05 PM
[No subject] - by masifjamil - 08-21-2009, 07:22 PM
[No subject] - by awaisaftab - 08-22-2009, 01:27 PM
[No subject] - by awaisaftab - 08-27-2009, 04:18 PM

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