Refund of A.Y 2019-20

Save Share

This query is : Resolved

Quick Summary

A business is seeking to redirect their 2019-20 tax refund, which was sent to a closed partnership bank account. The new account is under the business's LLP name, which has a different PAN. The advice given is to use the 'refund reissue' option on the e-filing portal and update the bank account details, noting that the system may validate the bank account directly rather than the name.

SACHIN RAWAT

SACHIN RAWAT (Querist)
Follow

04 February 2020 Respected sir,
It is found that the refund of assessment year 2019-20 was credited to our bank account but the bank account was under the name Delux express carriers ( Partnership) which has been closed due to change of partnership to LLP and bank account also opened in the name of LLP.
Due to old account closed so we did not received refund and want to refund in LLP A/c. What is the procedures to get refund in new account.?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

04 February 2020 Login to E filing income tax and select my account, service request(new) and refund reissue option and update bank account.

SACHIN RAWAT

SACHIN RAWAT (Querist)
Follow

04 February 2020 Sir thanks for quick reply but problem is that our new bank account is in the name of Delux express carriers LLP instead of Delux express carriers so PAN also different and same cannot be validate with bank account.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

04 February 2020 It will validate only bank account so try for it. Name validate will not be there any how check for it.

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