Reporting All Bank Accounts ITR Filing

Hi member,

Do we specifically need to report all our bank accounts? Is it sourced in some way.

2 Likes

Hi @Swati

Very useful conversation and not many were aware of this.

Yes!

Usually laws require individuals to report all bank accounts held by them during the financial year while filing their ITR.

But in general:

There is no specific mention about reporting of accounts held in payments banks in the income tax laws, it is advisable that you report all the accounts that you have

1 Like
Powered by | India's No.1 Payroll and HR Software.
9000+ Clients
150 Cities
10 Lakh+ Users