social service
1714 Points
Joined December 2015
Sir,
I need one more solution , A contractor take work in his name,used his individual Pan card,used his own individuals account to to do the transaction.The same contractor now open a partnership firm ,and also current account in the name of the firm.
Next what the contractor do instead of taking the payment of his bill in his own account , he used the firm current account in which he receive the bill payment, which work order in the name of the contractor not in the name of the Firm.
I want to know how to deal this situation ,as the current account cannot be shown in the Individual IT file.And the firm is new no income generated by firm.The power of Attoney of current account is given to one of his partner.