Hi,
I am freelancer and doing blogging(article writing/ selling ads space from my blog to non Indian clients). Till now I am doing these all the transactions in my personal saving account. But I heard that doing volume transactions in saving account is not allowed/recommended.
I need your advice on should I apply for shop act and sole proprietorship and then open current account in bank?
Thing: I don’t have any shop (Working from home)
Thing2: I asked in bank and they told me that I can open current account without any such sole proprietorship registration.
What should I do? Please suggest.
PS: in my blogging and freelancing I have so many expenses like buying articles from number of people across the world, buying few other stuff to grow my websites etc. Do you think I can do these all stuff and show expenses in IT return without sole proprietorship registration and shop act license?
Thanks a lot in advance.