Income tax refund
CA Sanjeev Kr Jain (c a) (1477 Points)
03 May 2017
Company incorporated in 2005 Business of partnership firm (5 partners) taken over by company in 2014 having same 2 partners as directors as well as shareholders,
After takeover bank account of partnership is closed and new bank accounts of company is opened
Now income tax refund is received in the name of partnership firm, how to encash the refund as banks of partnership are closed