Is it mandatory to show all bank account numbers & IFS Codes in ITR filing for individuals not liable to tax audit ?
If a salaried person change the job then there will be one savings account in each employment..How many bank accounts we need to show ?
Is it okay if we show only income earning bank account details ?
Menu
ITR Filing list of bank accounts
Replies (18)
Try to add all bank account numbers . Atleast the accounts from which income accrue or araise in India
Not necessarily.
it's optional.
it's optional.
Yes you can show only income accruing bank account details.
What will happen if we show only latest salary account & it is validated ?
Other bank accounts are not shown in ITR
Other bank accounts are not shown in ITR
As per the IT form, it is mandatory to report all the bank accounts of the taxpayer.
If you do not report all the bank acoc*nts, it is expected that someday you might receive a query from the department.
What kind of query ?
As of now there are no strict penalty clause for non disclosure of all bank accounts..But it may come general violations.
It's better to disclose all bank account details in ITR.Atleast all major income earnings related bank accounts should be disclosed in ITR
It's better to disclose all bank account details in ITR.Atleast all major income earnings related bank accounts should be disclosed in ITR
If major income is salary and salary related bank account details are given in ITR and it's already validated.
Why other bank account details required ?
Joint accounts , Paytm bank account , personal accounts , Is this Accounts required ?
Why other bank account details required ?
Joint accounts , Paytm bank account , personal accounts , Is this Accounts required ?
Nowadays bank account , pan , mobile and adhaar is linked.
Is this the answer to above question ?
You do not have to be worried.
There is no worry but waiting for perfect answer..
As a law abiding citizen u have to declare all accounts in bank where u r first or sole holder. It reduces chance of scrutiny as you r completely transparent.
Okay..Will try to add all bank accounts..
Recent Threads
- Schedule 112A CSV template
- RNOR status and exemption on RFC account interest
- Upload error for ITR 2 filing after validation
- CCI Forum gets fresh Look ! Share your views
- Presumptive taxation 44AD BLOCK PERIOD
- FORM 27Q FILING
- TDS for Advance Maintenance
- GST on product purchased at MRP
- TDS on Joining Bonus
- How to complete form10E Table details for the year
Related Threads
CAclubindia
