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Current account mandatory for proprietor

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 February 2015 Hi

while creating proprietorship firm it is necessary to open a current account or saving account is ok for operating the business.
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
20 February 2015 For business purposes current account should be opened and business transactions should not be carried out through savings account.
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