Dear Experts,
We are the small retailer, doing lubricant business in Bangalore since the year 2000. We have paid all the Vat Payment in time and returns also filed.
Recently we have received a notice from commercial tax department that, we have to produce the books of accounts for the FY 2011-12. Since we have shifted our shop for more than three places the purchase and sale bill copies are missed during the shifting.
Now the tax authority is saying that, if you are not submitting the books accounts we will freeze your bank account through court order.
Hence I would like to know that, which bank account can be freeze since we are having 3 bank accounts in different banks and while Vat registration Vijaya Bank account has been mentioned in the Application form.
Kindly clarify, whether all accounts will be freeze.
Thanks in Advance.
CAclubindia
