Closed bank account

Tax queries 347 views 2 replies

Dear Sir/Madam,

 I have closed one of my savings account in this year, and taken cash from that account. How may I show it in my ITR form?

1. By mentioning the account details in ITR form and showing balance as 0 in balance sheet

OR

2. Not to mention any account details of the closed account in ITR form and show balance as 0 in balance sheet.

Awaiting your reply.

Thank You.

Replies (2)

The details of bank accounts held at any time during the year need to be filled up in the ITR . Hence it should be shown in ITR. However you need not show the same in balance sheet at all. 

Thank you Madam for your quick and accurate reply.


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