I have a query. I am a website developer and 3 candidates work in my office (I am the proprietor). Can i accept payment in my Saving Account?
Thanks
4 Replies
CA Rick N
(Founder)
(67 Points)
Replied 29 June 2017
That should not be a problem. Please ensure that you keep proper records between personal and professional transactions as it will need at the time of Income Tax filings.
Hope that helps
CA Rick N
(Founder)
(67 Points)
Replied 21 September 2018
Yes, without any problems. Agree with Rick that you should keep proper records between personal and professional transactions in case of an IT query.
Mitesh
Tax Advisor Kandivali Mumbai
Recent Topics
- GSTR-9 Invoices
- Agricultural Business Loss
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
- TDS Provisions applicability Tax Audit Individual
- NAME CHANGE OF HUF
- Advisory for Reporting TDS Deducted by scrap Deale
Related Threads
CAclubindia
