Question ID :
40471
REFUND BY CPC
ONE OF MY CLIENT RETURN IS PROCESSED BY CPC FOR AY 18-19. AND REFUND DETERMINED. BUT IN THE MEANTIME THE BANK ACCOUNT SHOWN IN ORIGINAL RETURN WAS CLOSED BY THE ASSESEE. AND NEW BANK ACCOUNT DETAILS IS FURNISHED IN CPC PORTAL WHICH WAS DULY VALIDATED ALSO. AND THEN WE REQUESTED FRO RE ISSUE OF REFUND. BUT CPC DENIED WITH THE MESSAGE THAT THE ACCOUNT NO FURNISHED BY US IS CLOSED. WE DID THE SAME PROCESS 2-3 TIMES AND REGULARLY THE REFUND WAS DENIED ON THE SAME GROUND. WHEN WE TALKED TO CPC THEY REPLIED TO DO AGAIN FOR RE ISSUE OF REFUND INDICATING THE CORRECT BANK A/C DETAILS. BUT THE POSITION IS SAME TILL NOW. PLEASE ADVICE WHAT TO DO
Posted by
pradeep kumar agrawal
on
Nov 18, 2019
Filed Under
DIRECT TAXES
Answer ID :
80243
Send signed cancelled cheque of new bank account to CPC , and again file refund reissue request online.
Posted by
CA. chunauti dholakia on
Nov 18, 2019
Answer ID :
80253
IF I AM RIGHT THE CREDIT FOR REFUND WAS DENIED BECAUSE THE ACCOUNT NO.MENTIONED IN THE RETURN WAS CLOSED.
HAVING MADE COUPLE OF REQUESTS FOR ONWARD CREDIT OF REFUND TO THE NEW BANK ACCOUNT NO. WHICH WAS DENIED ON COUPLE OF OCCASSIONS I SUGGEST THAT THE REFUND CREDIT SHALL BE OUTSTANDING IN THE BOOKS OF THE GOVT.OF INDIA IN THE FILED PAN NO AND THE CREDIT FOR THE SAME SHALL BE MADE AVAILABLE IN THE SUBSEQUENT ASSESSMENT YEARS WHEN THE ASSESSMENT ORDER IS PREPARED BY THE CPC IN THE SUBSEQUENT YEARS AND HENCE PATEINTLY WAIT FOR SUBSEQUENT YEARS SIR TO GET CREDIT FOR THE REFUND SIR.
Posted by
CA. NARAYANASAMY V S on
Nov 19, 2019
Answer ID :
80298
Refund will be credited only after Prevalidating the bank account.Give some other bank account which is currently in use for prevalidating the Bank Account.If successfully done, then give a refund reissue request.
Posted by
KRITHIKA NARAYANAN on
Dec 17, 2019