What is procedure to maintain Joint bank account
This query is : Resolved
10 July 2023
I Have to maintain joint bank account of proprietorship firm , My question is that how to maintain receipt and payment and also Interest earning how to divide between joint bank account.
10 July 2023
Any bank account in the name of firm cannot be opened jointly. It can be operated by proprietor singularly. No interest credited in current 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
- ITR WITH 0 TURNOVER
- Value of Perquisite Sec.10 (10CC)
- Value of Perquisite Tax Borne by Employer
- Query related to CA/CS/CMA Firm
- Automatic MIS from Tally ERP
- How to pay tds on mhada property
- NRI get transferred fund from his own Indian account to his foreign US account without any approval
- Schedule Dpm under 44ada no account casr
- GST APPLICABILITY ON DIAGNOSTIC UNIT
- FRESH FRUIT JUICE EXEMPTION UNDER GST
- Sales of goods of amount Rs77 lakhs to a party
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
