Disclosure of saving account in return of income
This query is : Resolved
11 August 2015
My client has to file return of income. She maintain saving account with single name. She is also joint account holder with her husband ( Saving Account in which 1st account holder is her husband and she is 2nd account holder). Now a days it is mandatory to disclose details of all saving accounts in return of income. Should she disclose details of joint saving account (in which 1st account holder is her husband and details of this joint saving account is also disclosed by her husband in his individual return of income) in return of income??
11 August 2015
In case of joint account, both the joint holders have to declare in their returns.
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