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Use of money between 2 own proprietorship firm

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(Querist)
29 April 2017 Can a proprietor use money from his one firm bank account to make payment for dues of his other firm.
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CA Amrita Chattopadhyay

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CA Amrita Chattopadhyay (Expert)
04 May 2017 Yes, the same can be done. However, proper records have to be maintained.

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