my client has got NRE a/c in a bank . Can I quote NRE a/c/NRO a/c in the IT return for processing Refunds. or whether a saperate savings a/c has to be opened for the purpose (IT Refund) pls suggest?
Rahul Gupta
(Chartered Accountant)
(644 Points)
Replied 17 November 2011
according to my knowledge you can quote any type of account i.e. Saving annd Current depending upon your convenience. However you must ensure that current a/c will get processed only if they are on the name of Firm while Refunds are always processed in individual name.
Refunds do not have any charge relates to business so you can choose as per the convenience.
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