06 July 2022
I am sole proprietor of my firm. I don't have upi enabled in my current account . That is why some of my customers(due to ease) directly deposit business payment into my Saving bank a/c via UPI transactions.
Is accepting such business payment in saving bank a/c legal and allowed?
If yes,is there any limit upto how much amount of such business UPI payments can I accept ?
CAclubindia
