Updated News: 19-Apr-2015, Govt. puts new ITR form on hold after facing so many criticism in social media. Now, no need to give information of your ALL Banks accounts.
Indian CBDT department has changed ITR form for year 2015-16 to prevent money laundering. This time, ITR filing form will have a column for the Aadhaar number.
Once your Aadhaar no is linked & verified, ITR filing return verification will become more easier for the department as well for tax payers. So far, we have to send a hard copy of filed ITR and from this year e-format sending will work.
This time, taxpayers must give the information of his/her all bank accounts including those bank a/c which you have closed last year and were in use. And, if you hide anyone of your accounts, then a strict legal action will be taken against you on finding the same.
Now, you required to provide following mandate information -
1. Your all bank account details:
A/c no, IFSC code, bank name, address. If you have joint a/c then give the name of that person. :) I think extra marital affairs of Indians is going to expose too. (just kidding :)
2. Account Balance:
How much amount was in your each of the account until the end of the financial year.
3. Passport details:
Do you have passport? From where it has been issued?
4. Foreign Trips details:
5. Foreign Investments details
So, be prepared this time with much information. Start looking int your idle/ignored/dead accounts to get the exact balance amount :)