JamMang Guite (unemployed) 23 May 2019
I have a question:
One organisation having same PAN, different bank accounts. Bank1-HQ & Bank 2 - Branch.
Is it mandatory to transfer fund from bank1 to Bank 2 for audit purpose as well as report to income tax?
Condition: bank2 submitted their internal audit report to bank1 at the end of FY.
If yes, under what income tax rule?