Drawings by Directors of Private Limited Company

[anna7787]

<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?
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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,
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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