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AIS information all banks show question

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(Querist)
04 May 2022 Sir,
One of the it person maintained three banks 1. sb account balance rs:24,568/-
2.bank sb account balance rs:56,356/-
3.bank sb account balance rs: 89,455/-
As on dt: 31-03-22.
Question:
Assessess above mentioned all banks
accounts information transaction data AIS show compulsory.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 May 2022 Not compulsory to show such lower balance.
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Eswar Reddy S

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Eswar Reddy S (Expert)
05 May 2022 If it is individual then bank balance disclosure is required only in specific circumstances like GTI above 50lacs for other than business categories and ITR-3 and ITR-4 categories also have to disclose the bank balances related to business. May I know whether it is business entity and all bank accounts are related to business ?
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