Disclosure of all bank accounts
This query is : Resolved
28 June 2015
If an assessee (indicidual) does not disclose all the bank account in the ITR held by him as on 31.3.2015 would it become a defective return and what will be its consequence?
28 June 2015
I think, disclosure of all the bank account is not an mandatory. It is only recommendatory.
Disclosure of one bank account is mandatory and other account is recommendatory. Because, as per the ITR-1 for the AY 2015-16, only one account i.e., primary bank account is marked in red colour and other bank accounts are black colour.
Only, red marked coloumns are mandatory and other coloumns are not mandatory.
Disclosure of one bank account is mandatory and other account is recommendatory. Because, as per the ITR-1 for the AY 2015-16, only one account i.e., primary bank account is marked in red colour and other bank accounts are black colour.
Only, red marked coloumns are mandatory and other coloumns are not mandatory.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
