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)
Menu
Bank Account Update not working properly
Replies (5)
Not required
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.
You will get notice if you don't report all your bank account details.You could be punished with fine and penalty!
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!
| 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.
Recent Threads
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
- HSN Summary of Outward Supplies (Sales and Advance
Related Threads
CAclubindia
