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Cheque Received from IT Department

CA Manish (Practice) (87 Points)

26 April 2011

MY CLIENT HAS RECEIVED CHEQUE FROM INOCME TAX DEPARTMENT , ASSESSE BEING HUF.

DUE TO SOME UNAVOIDABLE CIRCUMSTANCES AND PERSONAL REASON THE CLIENT COULD NOT

CLEAR THAT CHEQUE AND THEIR WAS NO BANK ACCOUNT IN THE NAME OF HUF.

THE CHEQUE HAS TURNED INTO STAKE CHEQUE SINCE THE VALIDITY OF THE CHEQUE HAS EXPIRED.

KINDLY IF ANYONE KNOWS LET ME KNOW THE PROCEDURE FOR REISSUANCE OF CHEQUE.

THANKS IN ADVANCE

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5 Replies

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 26 April 2011

submit the cheque to ITO for revalidation request, under stamped aknowledgement

keep a xerox copy of cheque for further follow up.

2 Like

vkbothra (Learning ) (690 Points)
Replied 26 April 2011

First open a new bank account on the name of HUF (if already opened than ok) now
Send that cheque to SBI banker, Mumbai along with application of issuing new one, also send an application to ITO of your ward, with the reason of adding bank account number and increasing date,

(as far as i know there is no procedure of revalidating in new system, so they will issue new cheque to you.. )

:)

1 Like

(Guest)

AGREE WITH ABOVE EXPERTS

2 Like

CA Seema Kochar (CHARTERED ACCOUNTANT) (636 Points)
Replied 26 April 2011

Originally posted by : vkbothra
	First open a new bank account on the name of HUF (if already opened than ok) now Send that cheque to SBI banker, Mumbai along with application of issuing new one, also send an application to ITO of your ward, with the reason of adding bank account number and increasing date, (as far as i know there is no procedure of revalidating in new system, so they will issue new cheque to you.. ) :)