advance tax
This query is : Resolved
01 February 2011
Dear to All,
i have deposited advance tax of Rs. 10000/- by cash on behalf of private limited company. the bank issued receipted portion of challan against the same.
No bank officials called me give back receipted postion of tax challan and take refund of cash Rs. 10000/- due to we are not accepting tax by cash on behalf of private limited comapny.
kindly let me know that bank is right or wrong.
i have deposited advance tax of Rs. 10000/- by cash on behalf of private limited company. the bank issued receipted portion of challan against the same.
No bank officials called me give back receipted postion of tax challan and take refund of cash Rs. 10000/- due to we are not accepting tax by cash on behalf of private limited comapny.
kindly let me know that bank is right or wrong.
01 February 2011
The only solution is .... we should be alert in viewing our 26AS statements regularly....
01 February 2011
Dear Subhash ji,
kindly let me know that bank why returned the cash.
kindly let me know that bank why returned the cash.
01 February 2011
It is mendatory for every company to deposit Advance Tax and TDS electronically.
I think Bank is right.
I think Bank is right.
01 February 2011
Of course.. there is a lapse on part of the bank as they have not intimated you regarding this.
But.. you know.. bank can not hold any body's money for that long. They might have issued a pay order in the name of your company & kept with themselves.
So when you go there with the challan slip, they will give to you the payorder after cancelling the challan receipt.
Of course.. its a fault on bank's part & you should write this to the Bank's OMBUDSMAN Cell.
That is why... I mentioned, that we should also be a little alert & careful in ensuring that our transactions are complete!
But.. you know.. bank can not hold any body's money for that long. They might have issued a pay order in the name of your company & kept with themselves.
So when you go there with the challan slip, they will give to you the payorder after cancelling the challan receipt.
Of course.. its a fault on bank's part & you should write this to the Bank's OMBUDSMAN Cell.
That is why... I mentioned, that we should also be a little alert & careful in ensuring that our transactions are complete!
01 February 2011
The above was regarding the procedure followed.
But for facts.... Bank is correct as for a pvt ltd co. only e-payment is mandatory.
But for facts.... Bank is correct as for a pvt ltd co. only e-payment is mandatory.
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01 February 2011
First of all you are wrong for making payment by cash to bank on behalf of a company as the company required to pay tax by e-payment .............
There are internal guideline in some banks for not accepting cash for income tax payment of companies
There are internal guideline in some banks for not accepting cash for income tax payment of companies
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01 February 2011
thanx to all.
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