Poonawalla fincorps
Poonawalla fincorps

How banks are verifying receipt no. of itr-v

This query is : Resolved 
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(Querist)
17 May 2012 How Banks are verifying Receipt No. of “ACKNOWLEDGEMENT OF RECEIPT OF ITR-V” to know whether it is True or not ?
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
17 May 2012 Dear Mr. Vijay,

Why do the Banks need to verify Acknowledement!!
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Vijay Kr. Mishra

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Vijay Kr. Mishra (Querist)
18 May 2012 Because sir, at the time of taking finance from Banks they are asking for Acknowledgement against ITR- V.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
18 May 2012 They might be verifying your disclosed income on the basis of which they will decide the amount of loan to be given.
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Vijay Kr. Mishra

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Vijay Kr. Mishra (Querist)
18 May 2012 Sir, Banks are querying-where is your Acknowledgement of ITR-V, if we dosent present it mean ITR- V is fake, after presenting Acknowledgement they are saying that they will confirm whether acknowledgement of ITR- V is true or false.

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