Joint bank account disclosure in itr

RASHMI (UNEMPLOYED) (47 Points)

16 July 2021

is it necessary to disclose joint bank account in itr of both people who own it?

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9 Replies

CMA Poornima Madhava (CMA) (13097 Points)
Replied 16 July 2021

I think it has to be disclosed.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 16 July 2021

Yes it has to be disclosed

sabyasachi mukherjee (26197 Points)
Replied 16 July 2021

NO NOT COMPULSION

Balamurali Unnithan MS (STUDENT) (1631 Points)
Replied 17 July 2021

All Bank Accounts must mentions in ITR in the name of the assesee.

For refund -Give the single bank account -Preferably.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 18 July 2021

It is compulsory

sabyasachi mukherjee (26197 Points)
Replied 18 July 2021

No pls specify the Justification for the same.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 22 July 2021

Why jurisdiction is necessary for bank account

sabyasachi mukherjee (26197 Points)
Replied 22 July 2021

Obviously cite specific sections.
Itr joint account is compulsory who told you?

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 23 July 2021

If joint account is holding by assessee then it should be disclosure

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