Very urgent!!

Pavel (Student CA Final) (212 Points)

29 November 2014  

DEAR FRIENDS AND EXPERTS,

MY QUERY GOES AS FOLLOWS :-

A PERSON IS RUNNING A SOLE PROPRIETERSHIP FIRM. HIS STATUS AS PER FORM 26AS REFLECTS HIS INCOME AS PER HIS PAN CARD. BUT SINCE THE BUSINESS IS SOLE PROPRIETERSHIP, THE FIRM IS USING HIS PAN CARD ONLY FOR TRANSACTIONS.  AFTER ENQUIRING IT WAS FOUND THAT THE BANK ACCOUNT WHERE THE AMOUNTS ARE BEING CREDITED IS OPENED IN THE NAME OF THE FIRM USING THE PERSON'S (i.e proprieter's) PAN CARD.

SO MY  QUESTION IS :-

a)  WHILE FILING THE PERSON'S INDIVIDUAL RETURN, CAN I USE THAT BANK ACCOUNT NUMBER WHERE THE NET AMOUNTS ARE BEING CREDITED (AS IT IS NAMED IN THE NAME OF THE FIRM and not the person himself !! ) ???

B) CAN I GIVE ANY OTHER BANK DETAILS IN THE RETURN JUST TO GET THE REFUND (IF ANY) ??

C) IF THE AMOUNTS ARE BEING DEPOSITED IN DIFFERENT BANK ACCOUNTS, WILL GIVING ANY ONE OF THEM IN THE RETURN BE SUFFICIENT??

Need your urgent advise.

Thanks...