Bank accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2016
Respected Sir,
if a trust runs 5 institutions under it, can a centralized bank account be maintained under the name of trust for all the payments of the 5 branches. Or will there be an issue under income tax or in the abiding of laws.... Please reply...
if a trust runs 5 institutions under it, can a centralized bank account be maintained under the name of trust for all the payments of the 5 branches. Or will there be an issue under income tax or in the abiding of laws.... Please reply...
Amol S Joglekar
(Expert)
20 June 2016
one bank account may be maintained. No issues
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