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FCRA Account

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46 Points Joined August 2017
can a trust have two FCRA accounts.
can we transfer the amount from one account to another account?
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On 17 May 2021 at 16:53 Report
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Chartered Accountant
24588 Points Joined November 2019
Yes a trust may have two FCRA accounts but that should be utilised for the main purpose of FCRA not for other purposes
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On 17 May 2021 at 21:01
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tax consultant
3306 Points Joined October 2018
In that case transfer between two accounts will also be possible.
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On 18 May 2021 at 09:54
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Chartered Accountant
24588 Points Joined November 2019
Yes it's also possible
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On 19 May 2021 at 21:49

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