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Bank Account

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Yasir

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501 Points Posted on 17 March 2020

is it mandatory to show all saving account and current account of different banks in filling of income tax return

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Quick Summary

When filing your Income Tax Return (ITR), it is mandatory to disclose all your savings and current accounts held with different banks. This includes accounts that are active. Dormant accounts are generally an exception. Failing to declare all relevant accounts can lead to issues with your tax filing.