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Same pan different bank accounts


JamMang Guite (unemployed)     23 May 2019

JamMang Guite
unemployed 
 3 likes  98 points

| My Other Post

 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?




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