26 June 2014
My boss has proprietary ship and we filed IT returns, received IT refund from Dept. But the problem is in the Cq metioned as MYBOSSNAME_PANNO_BANKACCOUNT.
But we dont have account in the name of myboss, we have account on that bank in proprietary ship name. can we deposit the cq . pls suggest us.
26 June 2014
well hard to believe that the person doesnt have a bank account in his name...the bank wont clear the cheque if it is in a different name...
kindly open another account in person's name and apply for reissue of refund cheque
26 June 2014
you can give the declaration with the bank that prop. of firm is ....... and his pan is ....... after that if bank not give the credit then you can correction with income tax deptt.