my client has got NRE a/c in a bank . Can I quote NRE a/c/NRO a/c in the IT return for processing Refunds. or whether a saperate savings a/c has to be opened for the purpose (IT Refund) pls suggest?
1 Replies
Rahul Gupta
(Chartered Accountant)
(644 Points)
Replied 17 November 2011
according to my knowledge you can quote any type of account i.e. Saving annd Current depending upon your convenience. However you must ensure that current a/c will get processed only if they are on the name of Firm while Refunds are always processed in individual name.
Refunds do not have any charge relates to business so you can choose as per the convenience.
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
