Income tax liability

This query is : Resolved

Querist : Anonymous

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.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now