Sale of property
FAHEEM AKRAM (293 Points)
02 October 2019
Which is better option to receive Payment saving accouny or current account to sale of Ancestral property?
3 Replies
Kapadia Pravin
(17259 Points)
Replied 02 October 2019
Better is saving account bcoz SB Account you receive interest while current account don't give any interest.
sabyasachi mukherjee
(27574 Points)
Replied 03 October 2019
Savings account is a better option certainly.
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 04 October 2019
Since in current account only business related transaction shud be recorded.ancestral property is not related to business, so the proceeds can be deposited in SB account. Moreover you get additional income by way of interest on SB account
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