Bussiness payments
This query is : Resolved
Ajay Mishra
(Querist)
03 February 2013
as a sole proprietor of a clinic can i do medicines bill payments through my personal saving account ? or i have to open current account?
04 February 2013
As a sole proprietor your total income will be taxable. even if you make payment through your savings account, in my view, this does not preclude you from claiming the same as a business expenditure.
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