Dear Sir/Madam,
I have closed one of my savings account in this year, and taken cash from that account. How may I show it in my ITR form?
1. By mentioning the account details in ITR form and showing balance as 0 in balance sheet
OR
2. Not to mention any account details of the closed account in ITR form and show balance as 0 in balance sheet.
Awaiting your reply.
Thank You.
The details of bank accounts held at any time during the year need to be filled up in the ITR . Hence it should be shown in ITR. However you need not show the same in balance sheet at all.
Thank you Madam for your quick and accurate reply.
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