Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Two bank accounts in itr

CS Alok Mishra (Income Tax Practitioner) (786 Points)

08 April 2013

Can i give two account details ( Acct no & MICR ) in ITR for an individual having no taxable income as there is only one place for such in ITR form.

Reply
Follow
Share

10 Replies

Giridhar S Karandikar (Team Lead) (7548 Points)
Replied 08 April 2013

Bank Account details are mandatory only if the assessee has any refund receivable from the dept. Otherwise it is not necessary.

The following bank details are required to be given:

Bank Account Number

Name of Bank

MICR Code

Upgrade to CAclubindia Pro. Subscribe Now!

CS Alok Mishra (Income Tax Practitioner) (786 Points)
Replied 08 April 2013

@ Giridhar Bank name is not required in ITR form if you fill it after downloading from Income tax site. Only Bank Act no & MICR details are required. My question was whether i can give two account nos in single ITR form? If you do not give your acct no then it will be termed as defective return as the coloumn has been made mandatory from AY 2012-13. Plz correct me if m wrong..

(Guest)

Originally posted by : CS Alok Mishra
	@ Giridhar Bank name is not required in ITR form if you fill it after downloading from Income tax site. Only Bank Act no & MICR details are required. My question was whether i can give two account nos in single ITR form? If you do not give your acct no then it will be termed as defective return as the coloumn has been made mandatory from AY 2012-13. Plz correct me if m wrong..

Bank details are mandatory in ITR.. Plz enter only 1 a/c no. and corresponding MICR code

Khushbu Jaiswal (CA Finalist) (528 Points)
Replied 08 April 2013

Yes only bank a/c no. and MICR code is required to be filled in ITR. You can not give two Bank A/c details because there is only one place for such.

Besides this the MICR code cell will not accept more than nine digit then how will u give two bank details.

CS Alok Mishra (Income Tax Practitioner) (786 Points)
Replied 08 April 2013

@ Aanya.. i am also doing the same but my client has three account and all has significant transactions in them. Its ok but i think it should be approved by IT deptt. Thanks & Regards Alok

Upgrade to CAclubindia Pro. Subscribe Now!

(Guest)

Having innumerable bank a/cs is immaterial... Just enter a single a/c details and upload

CS Alok Mishra (Income Tax Practitioner) (786 Points)
Replied 08 April 2013

@ khushbu... I also know the same. I had asked that if there is any way to do so..... did not said that i will be doing such..

Anyways..

Thanks

be blessed....

ALOK

CA Kumar Mukesh (CA CMA FINAL and Advance Excel Trainer) (6881 Points)
Replied 08 April 2013

Originally posted by : Giridhar S Karandikar
	Bank Account details are mandatory only if the assessee has any refund receivable from the dept. Otherwise it is not necessary. The following bank details are required to be given: Bank Account Number Name of Bank MICR Code