Question ID :
41005
Disclossure of Bank Accounts in ITR Form
Dear Friends,
In July, 2020, a resident individual opened a Savings Account in the local Post Office near his residence for getting timely ECS Credits in that account from his investments in the Post Office Savings Schemes. Has he to disclose this Savings Account in his ITR Form for Asst. Yr. 2021- 2022. Please note that none of the Post Offices have IFSC Code which is required to be mentioned in the ITR Form. Please clarify.
Posted by
Sudeep B. Sarwate
on
Mar 20, 2021
Filed Under
DIRECT TAXES
No need to disclose PO SB a/c because information called for is accounts with Bank only,
Posted by
B.CHACKRAPANI WARRIER on
Mar 20, 2021
Answer ID :
81001
an assessee need not discllose all his bank accounts in the ITR, He need diclose any one account where it refund if any will be credited.
Posted by
CA. VENKITARAMAN K V on
Mar 22, 2021
Answer ID :
81002
No. Only bank accounts need to be disclosed in ITR.
Posted by
CA. chunauti dholakia on
Mar 22, 2021
Answer ID :
81014
There are no need to mention post office saving account in ITR.
Posted by
CA. SATISH CHAND GARG on
Mar 25, 2021
Answer ID :
81020
only bank accounts needs to disclose.
Posted by
SHUBHAM SONI on
Mar 27, 2021