banner_ad

Can proprietor open saving account in proprietary name?

Tax queries 3494 views 7 replies
User Avatar

Tax Consultants
28 Points Posted on 27 September 2017

Can Propretor open saving account (in the name of properitary firm name) instead of Current account ?

Reply Share Follow
On 27 September 2017 at 17:02 Report
Replies (7)
Guest

yes hi can with same pan  no

Reply
On 27 September 2017 at 18:02
User Avatar

99 Points Posted on 27 September 2017
Yes he can
Reply
On 27 September 2017 at 18:14
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 27 September 2017
Originally posted by : Ankit Dodiya
Can Propretor open saving account (in the name of properitary firm name) instead of Current account ?

No.... Not available in the name of Proprietory Firm's name...

He can open only his name...

463 Reply
On 27 September 2017 at 19:25
User Avatar

Tax Consultants
28 Points Posted on 27 September 2017
Why he can not? any rules provision regulations for the same?
Reply
On 27 September 2017 at 20:30
User Avatar

CA Practice
3577 Points Posted on 27 September 2017
Properitory firm is a business organization & business organizations have current account and not saving account.
6 Reply
On 27 September 2017 at 23:08
User Avatar

Accountant
60 Points Posted on 29 September 2017
yes he can .for example he is retir
Reply
On 29 September 2017 at 03:34
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 29 September 2017
Anybody is no...
It's a business name...
SB account only to individual and it's interest and transactions are based only to individuals. Not to any entity name....



If you want details or exact reply ask to Bank...
463 Reply
On 29 September 2017 at 06:22


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details