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

N commented on 20 Jul 2015, 03:40 PM

Thanks Venu ji.

1. Will the broker account also have in the name of the partnership or partnership firm? Also, what PAN number will be used for the demat account – the partnership’s PAN or the PAN of partner in whose name the account is opened?

2. After one year, will you need audited accounts even if accounts are not required to be audited as per Income Tax Act? This will add cost, hence the question.

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