Menu
Director
Can MD receive money in his own account on behalf of the company and later on it transfer the same in companies account??? pls reply
Replies (2)
No, A director can not receive money in his own Account.
Because as per Income Tax that that be treated as directors own income.
And is it possible under companies act????
Recent Topics :
- Updating form 10-ee and Schedule FA if there is ch
- Sale of property in SLUM area ....SRA
- GST applicability on Shipping charges
- Outstanding Demand in Income Tax: How To Respond?
- LTCG on property sale
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
Related Topics :
CAclubindia
