Receivable to be received in saving account

rajdip ranpara (proprietor) (140 Points)

06 January 2015  

I was running firm under propritorship , and also i had current account in the name of firm , now i have disconntinued my firm and want to close current account in the name of firm of which i m proprietor.

then can i receive outstanding receivable of my proprietorship firm in my saving account  because current account is closed.

will it be any problem in income tax or in any other law??