Hi,
The new ITR-1 has below addtions,
1. Aadhar Number updatiion
2. All saving and current account details
3. Agree income Exempted up to Rs. 5000
For the point no 2, Should the assessee update their Salary account details itself?.
For Example Assessee has 3 bank acconts, 2 account for saving and 1 account for Salary.In ITR -1 how many account should assessee mention? is it mandatory?
Thanks for the response
Salary account is also in nature of saving account, the benefits are a bit different.
Like saving account, no overdraw facility is available. It also can not be used for business purpose
Details of all the banks account (saving and current) are required to be given except those which are dormant for more than 3 years.
It is important to mention the account in which you are receiving the salary
Minimum one and more than one is not mandatory but only optional
Gupta Sachdeva & Co. Chartered Accountants
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