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Bank account for a firm

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Kkk
1204 Points Joined February 2017
is there any limit for opening of current bank account by a firm either prop or partnership firm.
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On 08 June 2021 at 21:07 Report
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tax consultant
3306 Points Joined October 2018
No i dont think so
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On 08 June 2021 at 21:24
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2742 Points Joined October 2018
There is no such limit, but you have to maintain minimum average monthly balances to avoid charges.
Average monthly balance limit is differ bank to bank.
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On 08 June 2021 at 21:31
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Kkk
1204 Points Joined February 2017
Ok thank u
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On 08 June 2021 at 21:38
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tax consultant
3306 Points Joined October 2018
Welcome jyoti
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On 08 June 2021 at 21:40
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Kkk
1204 Points Joined February 2017
Is there any source of getting info about updates related to gst or income tax
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On 08 June 2021 at 21:41
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Learner
2398 Points Joined May 2019

Subscribe to sites like cleartax, tax guru, caclub, tax scan etc.....

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On 08 June 2021 at 22:32
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BUSINESS
67 Points Joined July 2011
Every bank have different norms for minimum amount should be maintained in current account.
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On 09 June 2021 at 21:55

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