One of my friend want to open its proprietorship firm. He want to open current a/c in bank but bank demands some registeration certificate to open it. I want to know whether proprietorship firm can be registered. He is starting his software development business and there is no service tax registration requirement as receipt will be below the taxable limit. what he can give to the bank to open a Current A/c.
1 Replies
BALASUBRAMANYA B N
(CCI STUDENT....)
(44679 Points)
Replied 14 July 2011
He can do Registration of Shops and Establishment, Service tax if doing service business or Vat if seeling busniess,,This copies you can provide to bank for opening current account...
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