Itr
riddhi (student) (85 Points)
27 March 2016
is it required to quote post office saving bank account no. in IT return as disclosure of no. of savings account??
Thanks in advanvr
5 Replies
Sathish M
(Management Accountant)
(40581 Points)
Replied 27 March 2016
In ITR details of only active bank accounts to be furnished. In case there are no transactions in the bank account during the last three year, you do not have to furnish the details of such dormant bank accounts. Till now Indian Postal department is not given license to operate as a bank, so till the time we receive clarification from CBDT, savings account details need not be disclosed.
Rohit Aggarwal
(ACA Bcom (H) MBA MCom)
(470 Points)
Replied 28 March 2016
No. Only savings "Bank" Accounts information has to be given. Not Post Office Bank Accounts'.
manoj
(student)
(5205 Points)
Replied 28 March 2016
Only bank accounts
saving current as well as cash credit account to be shown
no post office accounts
if interest earned then show as other income
riddhi
(student)
(85 Points)
Replied 29 March 2016
Thanks everyone..u all gave very proper reasons along with solving my query
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