proprietorship return

07 July 2018

in properitorship return which bank account to report in ITR....
current account or savings account

thank you in advance

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3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (185411 Points)
Replied 07 July 2018

All the accounts (current or savings or CC etc.) of the proprietor...... be it in individual name (first holder) or in firm's name....

First one should be the one in which refund (if any) is required to be deposited

Vinod Babu (24196 Points)
Replied 08 July 2018

Agree with Dhirajlal sir........

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 08 July 2018

Yes... The Assessee (proprietor) will be shown his all Bank Account in ITR. The 1st account number will prepare any refund deposit by ITD

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