can a trust have two FCRA accounts.
can we transfer the amount from one account to another account?
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 17 May 2021
Yes a trust may have two FCRA accounts but that should be utilised for the main purpose of FCRA not for other purposes
veerendar singh
(tax consultant)
(3306 Points)
Replied 18 May 2021
In that case transfer between two accounts will also be possible.
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