Can I receive business payment in my Savings bank a/c

This query is : Resolved 
Quick Summary
As a sole proprietor, you can accept business payments directly into your savings account via UPI, even if your current account isn't UPI-enabled. There are no specific limits on the amount you can receive. However, it's crucial to properly record these transactions in your business accounts for accurate bookkeeping.

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(Querist)
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 ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
07 July 2022 Yes, you can accept some payments. No limits.
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CA Puja Sharma

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CA Puja Sharma (Expert)
07 July 2022 Yes, you can accept the payment in a saving bank account. Kindly account for those receipts in your business books.
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