IS IT POSSIBLE TO DEPOSIT I.TAX W/O PAN NO.

Laxmi Mittal (Practice) (188 Points)

19 June 2010  

 

OUR CLIENT IS ENGAGED IN TRADING IN WASTE PAPER & PAYING I.T. REGULARLY.

 

THE SOURCE OF WASTE PAPER IS FROM UNORGANISED DEALERS WHO DO NOT POSSESS PAN NO. DUE TO LACK OF EITHER IDENTITY PROOF OR ADDRESS PROOF.

 

THEY WANE TO PAY I. TAX. BUT BANK IS REFUSING TO ACCEPT I.T. PAYMENT FOR WANT OF PAN.

 

IS THERE ANY OPTION TO PAY I.TAX W/O HAVING PAN NO. IF IT IS SO ,THEN HOW TO PAY I.TAX ON SELF ASSESSMENT.

 

REGARDS!

 

CA LAXMI MTTAL