28 May 2013
I am working for a company in service sector where a lot of clients pay for bills issued in name of client company through there personal accounts or accounts other than company accounts.
My query is; whether our company can receive the same through individuals/other accounts or insist on payment through company only in whose name bill is issued?
Are there any limitations under Income Tax Act 1961 or Companies Act 1956?
Querist :
Anonymous
Querist :
Anonymous
(Querist)
03 June 2013
Dear Experts, awaiting reply to the above.