Comment on Account Opening Process - Corporate,Partnership Firm, & HUF

Arun commented on 17 Nov 2017, 03:29 PM

I am opening a HUF and a sole proprietorship under the HUF. Should I open the account in the name of HUF or in the name of the proprietorship firm?

Since I plan to open the sole proprietorship by applying for a GST certificate instead of registering under shop and establishment act, I don’t have a MOU or deed. Is the GST certificate good enough to open a account? Under what category should I open a sole proprietorship firm opened under HUF?

View the full comment thread »