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ITR 1 and Bank Account Details In Part E

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spatel

Engineer

93 Points Posted on 15 May 2024

In ITR-1 there is a section to mention active bank accounts since last year. This time it is changed and required to mention to all account details.

- Does it required to mention Dormant account as well ?

- Does this include only Bank Saving accounts only or Fixed deposit account as well ? ( Even though Fixed deposit is link to Saving account, it has its own account no?)

- In same context, Now post office also consider as Bank but does it has IFSC code branch wise ?

Replies (3)

Quick Summary

This discussion clarifies the bank account details required for ITR-1, specifically within Part E. It addresses whether dormant accounts, fixed deposits, and post office accounts need to be declared. The consensus is that 'Bank Accounts' primarily refers to savings and current accounts, and PPF accounts are not typically included in this section.