Bank Account Reporting Mistake For AY 2026-27 Can Cost You Lakhs: Know How To Check and Add on IT Portal

Mitali , Last updated: 11 June 2026 Share Follow on Google News

Overview For AY 2026-27, there has been significant changes in the ITR filing process related to bank account. Under this new changes, taxpayers are now required to report all active bank accounts in ITR as of March 31, 2026 whether it is saving, current, cash credit, overdraft or NRO. Failure to c

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About the Author

Mitali

Finance Professional

I write about Income Tax, GST, TDS, RBI updates, government schemes, and personal finance in India. My focus is on simplifying complex tax and compliance topics into easy-to-understand guides that help readers stay updated with the latest financial rules, investment options, and regulatory changes.

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Bank Account Reporting Mistake For AY 2026-27 Can Cost You Lakhs: Know How To Check and Add on IT Portal

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