Question ID : 41006

Disclosure in ITR in case of Joint Bank Accounts

Dear Friends, An individual and his wife, both residents, are filing income tax returns. The individual has few bank accounts on either or survivor basis with his name as first holder and his wife's name as second holder. The wife's name as second holder is for conveience sake only. The individual is showing the details of those bank accounts in his ITR every year as the first holder. Please advice me whether the wife should also disclose the details of those bank accounts where she is the second holder in her ITR.

posted by Sudeep B. Sarwate on Mar 25 2021 12:00AM