– Yes
– It is mandatory to list all bank accounts in the ITR form.
– it is mandatory to report all your bank accounts except the dormant ones. … These are- name of the bank, account number and IFSC code. Therefore, every bank account that has an IFSC code should be reported in the tax return forms
– It is not compulsory to provide details of accounts which are dormant (not operational for the past 24 months).
– If you get dividends or the proceeds of your fixed deposit, the account is considered operational even if you haven’t deposited or withdrawn cash.
NOTE: In case of any query, please feel free to contact me on this email enquiry@overallaccounting.com
