Bank accounts

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 August 2013 Dear sir

i would like to know how many bank accounts(different bank)a self employed person can avail if his annual turnover is more than 1 Cr,so that
he can get more benefits for his business expansion in near future.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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15 August 2013 As many bank a/c as want can be opened.

Querist : Anonymous

Querist : Anonymous (Querist)

16 August 2013 but i would like to know how he can create capital assets by his turnover.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 August 2013 bank a/c is not capital assets, for creating capital assets using turnover you should buy assets which will generate income for business that are usually called capital assets.

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