I am having a Private Limited company in which I am having a bank balance of Rs 9 lacs. I have already given Director remuneration to all directors.
How can I use this money for my personal use. What are the options available with me as I don't want to keep so much of bank balance in my company books.
20 February 2020
Can I show 9 lacs as Advance Salary this financial year itself ? i.e. F.Y. 2019-20. In my personal books of accounts the turnover is coming to Rs. 17 lacs and after getting this salary of 9 lacs, will GST not become applicable to me. I am not yet registered in GST in my individual capacity.
CAclubindia
