ITR Filing list of bank accounts

The discussion clarifies the mandatory requirement to declare all bank accounts, including savings and joint accounts, in your Income Tax Return (ITR) filing, even if they were closed during the tax year. While there's no immediate strict penalty for non-disclosure, authorities already possess this information, and failing to declare all accounts can lead to queries from the department. It's advised to declare all accounts where you are a sole or first holder for complete transparency and to reduce the chances of scrutiny.