Is It Mandatory To Disclose All Bank Accounts in ITR: What If Not Shown?

Mitali , Last updated: 27 August 2025 Share Follow on Google News

Yes, its true, while filing an Income Tax Return for the FY 2024-25, it is now mandatory to disclose all bank accounts held during that year. This includes: All active bank accounts, whether savings, current, credit card accounts, overdraft accounts or NRO accounts. Bank accounts opened or closed

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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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