Bank account for sole proprietorship

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2015 Dear Experts,

Can individual use their bank account for sole proprietorship business or not

If not how we can open current account for sole proprietorship.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 November 2015 If it is a current account use it. You approach the bank they will open a current account for your business.

Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2015 Yes Sir, I have my salary account.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 November 2015 If it is a few business transactions carried out through savings account there is no need of another account.
For more business transactions open a current ac.