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Декабрь
2023

New ITR forms: Taxpayers will have to disclose cash receipts, all bank accounts

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New ITR forms: The Central Board of Direct Taxes mandates taxpayers provide information on both cash receipts and all their domestic bank accounts. Resident individuals with income up to Rs 50 lakh, deriving earnings from salary, a single house property, other sources (interest), and agricultural income up to Rs 5,000, can file ITR 1, or Sahaj. In this filing, individuals are required to furnish details of all Indian bank accounts active in the previous financial year, specifying the type of account.



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