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Multiple bank account
I have a multiple bank accounts. Only one is for income deposit or pension deposit. Others including two joint accounts are funded from main account meant for deposit of pension. Joint accounts with
wife and son are funded from their main account, i.e., salary account. All the other accounts have minimal balance. My income is below taxable amount. How can I declare these other accounts where ITR e-filing is not necessary for me because of income below taxable limit.
Replies (4)
if your income, without claiming deduction is below taxable limit for the year
it is not mandatory to file return for the year
details of bank accounts can be declared in income tax return.
if you want to file return, you can declare
other wise not possiable to declare and you are not liable also
It is not mandatory to fill the tax for you if your income is fall under the limits.
There is no necessity in Income Tax to declare your bank accounts other than filing of filing your income tax returns.
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