Is it mandatory to show all bank account numbers & IFS Codes in ITR filing for individuals not liable to tax audit ?
If a salaried person change the job then there will be one savings account in each employment..How many bank accounts we need to show ?
Is it okay if we show only income earning bank account details ?
18 Replies
CA Surya Sekar
(CFO )
(1347 Points)
Replied 05 March 2022
Try to add all bank account numbers . Atleast the accounts from which income accrue or araise in India
Susmita Dutta, CA , CPA
(CA )
(2141 Points)
Replied 05 March 2022
Yes you can show only income accruing bank account details.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 05 March 2022
What will happen if we show only latest salary account & it is validated ?
Other bank accounts are not shown in ITR
Other bank accounts are not shown in ITR
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 05 March 2022
As per the IT form, it is mandatory to report all the bank accounts of the taxpayer.
If you do not report all the bank acoc*nts, it is expected that someday you might receive a query from the department.
CA Surya Sekar
(CFO )
(1347 Points)
Replied 05 March 2022
As of now there are no strict penalty clause for non disclosure of all bank accounts..But it may come general violations.
It's better to disclose all bank account details in ITR.Atleast all major income earnings related bank accounts should be disclosed in ITR
It's better to disclose all bank account details in ITR.Atleast all major income earnings related bank accounts should be disclosed in ITR
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 05 March 2022
If major income is salary and salary related bank account details are given in ITR and it's already validated.
Why other bank account details required ?
Joint accounts , Paytm bank account , personal accounts , Is this Accounts required ?
Why other bank account details required ?
Joint accounts , Paytm bank account , personal accounts , Is this Accounts required ?
sabyasachi mukherjee
(27574 Points)
Replied 06 March 2022
Nowadays bank account , pan , mobile and adhaar is linked.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 06 March 2022
Is this the answer to above question ?
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 06 March 2022
There is no worry but waiting for perfect answer..
Shankar Rugge
(376 Points)
Replied 06 March 2022
As a law abiding citizen u have to declare all accounts in bank where u r first or sole holder. It reduces chance of scrutiny as you r completely transparent.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 06 March 2022
Okay..Will try to add all bank accounts..
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