Disclose All Bank Account Details / Foreign Visits


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A totally stupid idea of the government which will make life hell for tax filings.

NEW DELHI: Taxpayers will have to disclose all bank accounts held by them in the country and instances of foreign travel to the Income Tax department while filing their returns for the assessment year 2015-16.

The Central Board of Direct Taxes, the apex policy making body of the Income Tax department, has notified new Income Tax Return (ITR) forms for the current assessment year, making some additions to the existing format as part of obtaining new information to check the menace of b ..

Read more at:
Taxpayers to disclose bank accounts, foreign travel to Income Tax department - The Economic Times
 

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