Can we accept payments and disburse it to sellers like an escrow from a current a/c?

Can we accept payments and disburse it to sellers like an escrow from a current a/c? https://www.taxtmi.com/forum/issue?id=115291 Whether funds may be received into a normal current account and later disbursed to sellers as an escrow arrangement is questioned; the responding practitioner states it is not possible, raising an unresolved issue about the correct accounting entries and the suitability of ordinary current accounts for holding third party funds pending payment. en-us Wed, 07 Aug 2019 14:19:20 +0530 Thu, 23 Jan 2025 15:55:01 +0530 TaxTMI RSS Generator Can we accept payments and disburse it to sellers like an escrow from a current a/c? https://www.taxtmi.com/forum/issue?id=115291 Whether funds may be received into a normal current account and later disbursed to sellers as an escrow arrangement is questioned; the responding practitioner states it is not possible, raising an unresolved issue about the correct accounting entries and the suitability of ordinary current accounts for holding third party funds pending payment. Discussion-Forum Companies Law Wed, 07 Aug 2019 14:19:20 +0530 https://www.taxtmi.com/forum/issue?id=115291