if a loan amt (taken for business purpose ) came in the saving bank acc in the name of entrepreneur , then does this bank acc will be considered as bank of the business that is recently started???
You are doing proprietorship or other? If proprietorship then second question in which name you have taken the loan? If in the name of business, then how its credited in your savings account?
Please come up with proper question with all the details of no. bank accounts, type of account, in the name of account,.
You select your bank for your business, if you make transaction with this account relating to sale, purchase, expense and statutory payment etc. Then it will become business account.
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