Bank account for a firm
Jyoti Narang (Kkk) (1204 Points)
08 June 2021
is there any limit for opening of current bank account by a firm either prop or partnership firm.
7 Replies
Ankit Neema
(2742 Points)
Replied 08 June 2021
There is no such limit, but you have to maintain minimum average monthly balances to avoid charges.
Average monthly balance limit is differ bank to bank.
Average monthly balance limit is differ bank to bank.
Jyoti Narang
(Kkk)
(1204 Points)
Replied 08 June 2021
Is there any source of getting info about updates related to gst or income tax
Sivaramaraju G
(Learner)
(2398 Points)
Replied 08 June 2021
Subscribe to sites like cleartax, tax guru, caclub, tax scan etc.....
jignesh
(BUSINESS)
(67 Points)
Replied 09 June 2021
Every bank have different norms for minimum amount should be maintained in current account.
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