|QUERY:||In the new ITR forms provision has been made to mention aggregate amounts deposited in the banks during November 9, 2016 to December 30, 2016:
1. Whether only deposits of specified bank notes (SBN) or all types of notes has to be mentioned?
2. Whether aggregate of deposits in all bank accounts or in a single bank account i.e. Rs. 2/- lakh and above.
|ANSWER:||Click here to read the full answer of the expert|
|EXPERT:||CA. H. N. Motiwalla|
|CATCH WORDS:||Return- Form - Amount deposited in bank|
ITR, details of all bank accounts held in India at any time during the previous year (excluding dormant accounts) are to be given, wherein details in respect of cash deposited during November 9, 2016 to December 31, 2016 of aggregate cash deposits during the period Rs. 2/- lakh or more is required to be given.