As we all knw tht we need to pay certain Company incorporation fees while filling INC 1 form, INC 7,etc. while incorporating a NEW Company
My quest is:
Since there ws no company's Bank Account existed on date of such payment, and if proposed promoter or director paid it thru his already running Savings Bank account, then whether deduction is availabale..? i think Company can't open its fresh bank account for business purpose in its own name until company is successfully incorporated.
If yes then how it is to be shown in company books as it was not company's bank account.Whether proof of payment thru saving account wud be suffice..?how to manage such exp to show in company books of accounts
If not then what will be solution for availing deduction as it has not been paid thru company's bank account.
Also is it neceesary to have Current account for a company or it can do business even thru savings accounts.
thxs for reply in advance...
CAclubindia
