Daily transactions

hello sir.. kya mai mere business ke transaction I mean banking turnover mere Mon ke account se kr sakti hun.. return mere naam se bharti hun... agar mom ke account se turnover kiya to Kya prob hoga..
Replies (3)
Quick Summary
This discussion addresses the query of using a mother's bank account for business transactions and filing returns. It's advised that business turnover should ideally be conducted through one's own business account for clarity and compliance. If joint operations are involved, a joint account in both names is recommended, with returns filed under the firm's name and a separate PAN.

It depends on transactions value and number of transactions.

Why are you doing transactions with your mom's account ?
If it's your business, that you have to use your own account.
If its a business.
you should hv a joint account in you and your mom's name.
return should be in the name of firm having a seperate pan.

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