Micr code
This query is : Resolved
Sharwan Baluni
(Querist)
30 March 2012
when there is a refund while calculating tax then IS it important to fill MICR code or we just fill account number or both?
Kumar Babu.G
(Expert)
30 March 2012
Only Bank Account number is sufficient.
CA Rushikesh Kolhe
(Expert)
30 March 2012
MICR Code is necessary when you want the refund to be directly deposited into your bank account.
If you do not provide the MICR code then you will receive the Refund order by post and you will have to deposit it into the bank account
If you do not provide the MICR code then you will receive the Refund order by post and you will have to deposit it into the bank account
Mihir Doshi
(Expert)
30 March 2012
It is better to provide MICR code and avail ECS facility so Refund will get directly deposited into bank account.
Thanks
Mihir Doshi
Thanks
Mihir Doshi
Message likes :
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Sharwan Baluni
(Querist)
30 March 2012
Thanks sir
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