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Bank account for a firm

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Kkk
1204 Points Posted on 08 June 2021
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 Posted on 08 June 2021
No i dont think so
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On 08 June 2021 at 21:24
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2742 Points Posted on 08 June 2021
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 Posted on 08 June 2021
Ok thank u
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On 08 June 2021 at 21:38
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tax consultant
3306 Points Posted on 08 June 2021
Welcome jyoti
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On 08 June 2021 at 21:40
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Kkk
1204 Points Posted on 08 June 2021
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 Posted on 08 June 2021

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

1 Reply
On 08 June 2021 at 22:32
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BUSINESS
67 Points Posted on 09 June 2021
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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