Bank account change
sandhya lr (4 Points)
07 November 2021
if I change my constitution from proprtorship to partnership, the same bank account can be continued?
3 Replies
Janak Shah
(ca)
(603 Points)
Replied 07 November 2021
No it can't. Since your PAN is used for Prop. and there would be seperate PAN for partnership. So any turnover for the earlier prop. bank account will be accounted on your PAN, that is the reason why you need a seperate account for partnership firm.
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 07 November 2021
Better to open an new current account
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