Is it really necessary to open a Current Account in a bank for a Proprietory Firm or is a Savings Account sufficient? Does any Act/Section clarify this requirement?
Menu
Current account for proprietory firm
Replies (1)
Savings Account is not permitted to be opened for business purposes. Hence Current Account will have to be opened in the given case.
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
