Verification of income tax returns
This query is : Resolved
10 February 2012
Dear members,
One banker has approached us to verify the returns submitted to them, what will be procedure of verification.
One banker has approached us to verify the returns submitted to them, what will be procedure of verification.
10 February 2012
You shall have to obtain the scope of your work from the income tax department.. Since its from the bankers prespective it shall be mainly for the determination of the credibiltiy of the client.. C L To C A ratio;s.. projection of the co. etc. it shall be more of analytical exercise.. to justify the dr's and cr;s position.. stock level sufficient to cover OD etc.
11 February 2012
Thank You for guidance. But my problem is that whether there is any procedure by which department will allow us to verify the Income tax returns submitted to bank. or will it be done unofficially
12 February 2012
In a CA's office or in a Bank, nothing happens like that which can be termed as unofficial.
.
Bankers require to verify the returns, in that case you may verify them online also by the department's e-filing website.
.
In case Return is filed manually, the constituent will produce before you the original return and supporting documents on the basis of that, prima-facie, you can verify the return by putting your Seal and Signature.
.
.
Bankers require to verify the returns, in that case you may verify them online also by the department's e-filing website.
.
In case Return is filed manually, the constituent will produce before you the original return and supporting documents on the basis of that, prima-facie, you can verify the return by putting your Seal and Signature.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- Liable to deduct tds and 44ADA
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
