CAclubindia Forum : On Line IT Refund for 16 digit Bank Account Numbers

Chartered Accountants ,CAs India, CA India ,Company Secretary ,CS,  Cost Accountants , MBA and Finance Professionals
Forum for Chartered Accountants ,CAs India, CA India ,Company Secretary ,CS,  Cost Accountants , MBA and Finance Professionals

Forum Chartered Accountants ,CAs India, CA India ,Company Secretary ,CS,  Cost Accountants , MBA and Finance Professionals

 

Forum Home Search Forum Register / Sign Up Members Login

Forum Home > Income Tax > On Line IT Refund for 16 digit Bank Account Numbers

Pages : 1,
By : Sanjaya
IT Services
[ Scorecard : 26]

ON : 5/14/2008 11:57:52 PM
Post New Topic

 In e-Filing of IT Returns, maximum allowed limit is 15 digits for online credit of refund directly to the account.

To my knowledge only Punjab National Bank has 16 Digit Bank Account Numbers. It is not possible to enter the 16 digit accounts numbers when the maximum allowed limit is 15 digits. Due to this limitation the correct account number does not reflect in the IT Return and the account holders of PNB are deprived of this benefit.

How to address this problem, please advise.

Regards,

Sanjay

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By : VIMAL K. ASHAR
C. A.
[ Scorecard : 26]

ON : 5/15/2008 9:55:32 AM
Post New Topic

Write to CBDT for modification in the forms. Best option is not to go for ecs.

Dear Sir,

Happy Maharashtra Day in advance,

This is for my brother whose profile id is ZAV0040 on jeevansathi.com and hkashar on shaddi.com. In case you like to communicate further, kindly contact me.

Regards,

Prof. CA. Vimal K. Ashar.
18, Kamal Bhuvan, Jivdaya Lane,
Agra Road, Ghatkopar (W),
MUMBAI - 400 086.

(M) 9833558902 / 9833527810 / 022-20353584
(O) 25158902 / 25127810
(R) 25118884 / 25116382

Email. : vkashar @ hotmail.com, vkashar @ yahoo.com

 

By : Shaleen
[ Scorecard : 140]

ON : 5/15/2008 1:49:39 PM
Post New Topic
i think intimation to central board of direct taxes for modificaion of the form. with regards shaleen srivastava ca final
By : Sanjaya
IT Services
[ Scorecard : 26]

ON : 5/18/2008 8:47:02 PM
Post New Topic

I have forwarded the message to IT Department to revert back on this limitation of 15 digits.

By : Sushma (Guest)
ON : 5/20/2008 8:01:29 AM
Post New Topic

Yes the matter should be taken up with either CBDT or Ministry of Finance to get a resolution of this problem.

This limitation of 15 Digits will deprive all Account Holders of Punjab National of direct credit of Refund to their accounts.

To comply with the norms to provide Account Number the following problems will be encountered by the assessee:-

1.The assessee tries entering 16 digit account number but the return does not accept the same;

2.In order to file the return, incomplete account number will be furnished by deleting one of the 16 digits;

3.Assessee will find it easy to open another Bank Account to provide 15 digit account number.

The above problem will be faced by the assessees/consultants while E-FILING of IT Returns of the assessees having their Bank Account with PUNJAB NATIONAL BANK.

Sushma

 

 

 

PAGE 1,

Post your reply for  : On Line IT Refund for 16 digit Bank Account Numbers

Post your reply for  : On Line IT Refund for 16 digit Bank Account Numbers

Note Your not logged in . Reply posted by you will appear as Guest Posting
Your Name

Email :

Message

 
Verify Image Code CAPTCHA Reload
Write the characters in the image above (Case sensitive)

Forum Home | Forum PortalMember Control CenterWho is Where |Popular Threads |
| Forum Stats | Recent Posts | Today's Posts |Post New Topic
Back caclubindia.com homepage

Report Abuse
caclubindia.com disclaims all liabilities arising out of material contained on this site and on its associated/linked web Pages.
Designed / Developed & Maintained by ADvantage