Query? regarding refund as bank a/c belongs 2 his trade name

Efiling 347 views 2 replies

PALASH

Nothing

2000 Points Joined June 2012

Query ??????? very urgent !!!!!! plssss responseeeeeeeee..

I have already submitted online return for a.y 2012-2013 WITH INCOME OF RS 20,62,500/= AND TDS OF RS 20,625/= U/S 194C of my client who is a Labour Contractor . Trade name of the business :- M/S. XYZ ( AS AN EXAMPLE & Status: Sole Proprietorship Business ) and

PAN no registered with IT DEPARTMENT WITH HIS OWN NAME NOT HIS TRADE NAME

But, Unfortunately, his Bank Account No. belongs to HIS OWN BUSINESS NAME .

Question :-

Is there may be any difficulty regarding PAYMENT OF REFUND AMOUNT THROUGH ECS system

?????????.

Thanks.

Replies (2)

Dipjyoti Majumdar

CA in service & CS. dipmaj@

3489 Points Joined June 2011

Friends,

Any feedback on this interesting matter.

Well, Palash why don't you advise your client to open a new account in his name and file a revised ITR.

Thanks,

Mihir

Wealth Manager

5293 Points Joined December 2008

Bank won't open a current account without the PAN. Your PAN details are registered with the bank where your company has a current account. So, I think you will get your refund without any problems. Since it is a proprietorship concern, whatever name you use for your company, you will have to use your own PAN.