Hello CAclub members, I have filed my AY16-17 tax return on 11th July 2016 using ITR-1 form ( had salary and interest income from FD only) and got it accepted by IT dept . But I had foreign bank account in USA which I created while I was working in US until 2012 and I still maintain that account.
In fact I have been filing ITR-1 for last 3 years and didn't provide the US bank a/c details since ITR-1 doesn't ask for it.
Whether I should have filed ITR-2 instead of ITR-1?. how to submit a corrected form if I have to submit ITR-2 and whether there will be any penalties for not disclosing my bank a/c in USA now and for previous years( 2013 to 2015) ? ,
Thanks and Regards
CAclubindia
