How banks are verifying receipt no. of itr-v

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Vijay Kr. Mishra (Querist)
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17 May 2012 How Banks are verifying Receipt No. of “ACKNOWLEDGEMENT OF RECEIPT OF ITR-V” to know whether it is True or not ?

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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17 May 2012 Dear Mr. Vijay,

Why do the Banks need to verify Acknowledement!!

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Vijay Kr. Mishra

Vijay Kr. Mishra (Querist)
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18 May 2012 Because sir, at the time of taking finance from Banks they are asking for Acknowledgement against ITR- V.

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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18 May 2012 They might be verifying your disclosed income on the basis of which they will decide the amount of loan to be given.

Vijay Kr. Mishra

Vijay Kr. Mishra (Querist)
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18 May 2012 Sir, Banks are querying-where is your Acknowledgement of ITR-V, if we dosent present it mean ITR- V is fake, after presenting Acknowledgement they are saying that they will confirm whether acknowledgement of ITR- V is true or false.

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