Current account mandatory for proprietor
This query is : Resolved
Querist : Anonymous
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.
while creating proprietorship firm it is necessary to open a current account or saving account is ok for operating the business.
20 February 2015
For business purposes current account should be opened and business transactions should not be carried out through savings account.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
OR add as source on Google news
- Acquisition of a society by a company
- EPF withdrawal before 5 years and Disclosure in ITR-2
- Clarification on ITR 3: Is Sl. No. 64 required for 44ADA income?
- 2.25 CRORE TRADER, NO CASH TRANSACTIONS,3CD APPLICABLE?
- FORM 115BAC
- ITC Utilization on vehicle repair
- Transfer of partnership interest in LLP
- Investment guidance for NRI
- E way Bill in two transits covered_Supplier to ist cistumer and ist customer to end customer
- How to show P2P lending income (IndiaP2P, Mobikwik Xtra etc.) in ITR-3?
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- GST on Restaurant service
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
- Switch over to Composition Scheme
- Gstr 9 and itc
- Tds on residential apartment purchase
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
OR add as source on Google news
CAclubindia
