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Income tax liability

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 October 2013 Sir

If any Statutory Body's Chaiman open Bank account for Conference purpose. Then for opening bank a/c his PAN Card is submitted in bank. But that account is for Education Purpose of Statutory Body.

If Income Tax query comes for fund in that account to Chairman, actually that fund is belongs to Statutory Body. Then what is to be done to relieve from Income Tax query.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
22 October 2013 In such case the pan of the co should have been given instead....dont worry by qouting pan there is no trouble for income tax purpose.
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