Mayankkumar (study/TRP (Tax Return Preparers)) (191 Points)
18 September 2011there is no bank account for a company, and i want to file income tax return online ( e-filling)
can i file...??
if yes , then what to write in bank details colum...???
from this year income tax depart ment made mendatary to fill bank details in XML file...
Devendra
(Chartered Accountant)
(4775 Points)
Replied 18 September 2011
Bank details are not mandatory to be filled, only it is to be filled in case of Income Tax refund. It is always advisable to open a Bank A/c while incorporating a Company/Firm/Trust.
Regards,
Devendra K
Mayankkumar
(study/TRP (Tax Return Preparers))
(191 Points)
Replied 18 September 2011
devendra,
you are true...
my question is related to E-filling, while filling return online it shows error.
"null" in bank account no. and micr no..
what to do..
can i write any random no...!!??
Nagam saisameer
(CA FINAL )
(170 Points)
Replied 18 September 2011
Give the directors personal bank account number and file the return for temporarily this year ok.
CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 18 September 2011
NO NEED TO HAVE BANK ACCOUNT FOR FILING INCOME TAX RETURN.
Prakash
(Chartered Accountant)
(560 Points)
Replied 18 September 2011
Buddy, Just Fill "0" in Bank A/c details Field and Upload
praveen
(Chartered Accountant)
(6971 Points)
Replied 19 September 2011
Hi I think they have made it compulsory, though if you dont have a bank account give "0" in the account no. and 50000000 in micr box.
Mayankkumar
(study/TRP (Tax Return Preparers))
(191 Points)
Replied 19 September 2011
thanks to all...
dekh te he what client sugust, he give its director's account no. or i have to fill "0" in bank account no.
Bhargav
(Practising CA)
(567 Points)
Replied 20 September 2011
Bank Account with MICR Number is compulsory if you wish your refund Direct to Your Bank Account.
If you dont have bank account and refund is due, you can select manual refund where Bank Account
is not necessary. But your refund may get delayed highly and you may also require to SATISFY IT Officers.
In all cases, you can always put just 0 in Bank Account Cell.
Amogh Gokhale
(Not Applicable)
(86 Points)
Replied 04 October 2011
For Corporate Entity i.e. Company, Opening a Bank Account is a must.
From A.Y.2011-12 onwards all income tax returns must mention Bank Account of Assessee.
Though Filling up MICR is not mandatory if Refund by Cheque, and ECS - No is selected.
Rajender
(tax returns preparer)
(21 Points)
Replied 14 September 2013
Bank account is mandatory for E-filing for refund and other cases
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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