Friday, November 14, 2008

WRONG ACCOUNT NOS ON CHEQUE

My income tax refund cheque has the wrong bank account number. What should I do?
The bank account details in income tax refunds are usually the same as those mentioned in the return of your income. If the income tax office (ITO) has entered incorrect account details, you can resolve the matter by personally visiting your ITO with copies of the acknowledgement of your return and a bank statement carrying the account details. However, if you made an error in filling the account number, the ITO, in addition to the above documents, may also ask you to furnish a letter of indemnity before making the endorsement. In either case, the ITO will endorse the correct account detail on the cheque.