Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Bank Account Update not working properly

Ram (Engineer) (98 Points)

16 August 2021

Dear Experts,

I have already a bank account which is validated for Refund payment. Is it necessary to add other bank accounts on my name at the Income Tax portal?

Appreciate your kind advice.

Thanks & Regards,
Ram (Sr. Citizen)

Reply
Follow
Share

5 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 16 August 2021

Not required

Upgrade to CAclubindia Pro. Subscribe Now!

Nidhi (Chief Accountant) (3150 Points)
Replied 17 August 2021

You have to mentioned your all bank account in your income tax return. For Refund, u have to choose one of them and validate that.

1 Like

Samantha J (1236 Points)
Replied 18 August 2021

You will get notice if you don't report all your bank account details.You could be punished with fine and penalty!

1 Like

Ram (Engineer) (98 Points)
Replied 19 August 2021

I have given indeed given all my bank account details in the Income Tax Return .

My question is whether I should include all the accounts in the portal also (through the update)? I have problem with this - despite entering everything correctly the site is throwing errors!

1 Like

J S BHAVSAR (CONSULTING) (1288 Points)
Replied 19 August 2021

Originally posted by : Ram
	I have given indeed given all my bank account details in the Income Tax Return . My question is whether I should include all the accounts in the portal also (through the update)? I have problem with this - despite entering everything correctly the site is throwing errors!

It does not matter whether your profile has all accounts or not. Your ITR return for a particular year should contain all bank accounts. Once your return is processed successfully, it is deemed assumed that all the accounts that you filed in your ITR will appear in your Profile on new portal.