Bussiness payments

This query is : Resolved 

03 February 2013 as a sole proprietor of a clinic can i do medicines bill payments through my personal saving account ? or i have to open current account?

04 February 2013 As a sole proprietor your total income will be taxable. even if you make payment through your savings account, in my view, this does not preclude you from claiming the same as a business expenditure.



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