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Bank accounts

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(Querist)
10 April 2009 What is meant by parking account? What role does it have in bank accounting?
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
10 April 2009 its a temporary account, the TDS deducted is paid through parking account. the parking account should get nil within 24 hrs.
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CA Devanshi Gandhi (Ajani)

Profile Image

CA Devanshi Gandhi (Ajani) (Expert)
10 April 2009 its a temporary account, the TDS deducted is paid through parking account. the parking account should get nil within 24 hrs.
Profile Image

CA Devanshi Gandhi (Ajani)

Profile Image

CA Devanshi Gandhi (Ajani) (Expert)
10 April 2009 its a temporary account, the TDS deducted is paid through parking account. the parking account should get nil within 24 hrs.
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