Using saving a/c in proprietor ship firm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2015
Dear experts,
can proprietor of proprietary firm use his saving a/c in business transaction. if no plz explain what may be further consequences.........
thanx & regard
Nidhi Gupta
can proprietor of proprietary firm use his saving a/c in business transaction. if no plz explain what may be further consequences.........
thanx & regard
Nidhi Gupta
21 September 2015
Hi, There should not be any problem to use SB A/c for Business transactions, However there are certain restrictions / limitations from the banks end like (1) The Limitation of Cheque Amount { Eg. in SBI its RS. 10 Lacs } (2) The Limitation on Internet Banking Transaction Amount. Etc
If the Transactions are in a limited way there should not be any problems.
Regards
If the Transactions are in a limited way there should not be any problems.
Regards
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
