Hi. This is regarding updating schedule FA in ITR2. I opened my salary bank account more than 15 years back when I was deputed for an onsite assignment and after I returned in 2010, this went into dormant state for many years till I was placed abroad on an assignement and reactivated it again in 2019. A new debit card and security pin was issued to me for online banking. I checked with the bank for older statements and documents before 2019 but they mentioned they dont retain the data for more than 6 years and those are not available now.
My dilemma is whether to put 2019 as the account opening date as that is when I have all the data and reactivated it from dormant state. Please suggest.
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Foreign bank account opening date
Replies (6)
Yes, alloed as befire that it was dormant...
Repeat:: Yes allowed, as it was dormant before that.....
Thank you Sir. Apprreciate your response.
My Pleasure.
Sir, Hope this will not be treated as giving incorrect information regarding bank account opening date. Little bit concerned as I heard that BMA is very strict and hefty penalties are imposed even for inadvertent and minor mistakes.
As It was dormant, and also it was activated again in 2019. it should not create any issue. But if you fill like any thing wrong, you may declare it as 2010; no harm.
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