Received 1 rupee in some accounts at a same time

[Moulidharan]

I received 1 RS in my HDFC,AXIS,INDUSIND,AU,KOTAK bank account as of now and I am also receiving in my more bank accounts...It is from Hyperverge Technologies private limited.I am confused why I am receiving in all my accounts at the same time

 

[sidpsidp is verified member.]

By any chance, is IT Dept trying to check n verify ALL SB Accounts which are linked to Aadhaar+PAN. They might be keeping their records updated.

I have this doubt because - from this year onwards, ALL bank accounts held are to be declared in the IT Return.

Itd already has list of all accounts. All banks report transaction/kyc details to cersai to detect fraud/money laundering. Cersai data are linked to ckyc no which is linked to adhaar & pan.

Some people here don't want to disclose adhaar thinking banks don't have access to those details.😄

 

[prc1990]

By any chance, is IT Dept trying to check n verify ALL SB Accounts which are linked to Aadhaar+PAN. They might be keeping their records updated.

I have this doubt because - from this year onwards, ALL bank accounts held are to be declared in the IT Return.

From last year onwards, all the bank accounts were started showing on IT portal. I remember this very clearly.

 

[RAMESH BABU N]

From last year onwards, all the bank accounts were started showing on IT portal. I remember this very clearly.

Those were the accounts ALREADY DECLARED BY YOU in your previous ITRs. You may have declared only 4 out of 10 accounts you maintain.

What is MANDATORY NOW is that YOU MUST DECLARE ALL YOUR ACCOUNTS. All 10 of them.

Even accounts in Payment Banks (like Airtel, Paytm, Postal Bank, NSDL, Jio....) and all banks - including coop banks.

 

[prc1990]

Those were the accounts ALREADY DECLARED BY YOU in your previous ITRs. You may have declared only 4 out of 10 accounts you maintain.

What is MANDATORY NOW is that YOU MUST DECLARE ALL YOUR ACCOUNTS. All 10 of them.

Even accounts in Payment Banks (like Airtel, Paytm, Postal Bank, NSDL, Jio....) and all banks - including coop banks.

No I never declared before. Only account that was showing until next year is the one added for receiving the refund. Anyways as all our bank accounts are linked with PAN, it is a no brainer for them to track with ease.

 

[pradeepG]

It is Penny Drop Verification done by many cos. and its not only one time, they can do it periodically too. But all accounts at once, even those whose details you havn't used/given anywhere, then its Definitely someone who has access to your aadhaar/pan and can fetch details from all Banks. High chances ITDept or a similar dept.

 

[Ak Singh]

It is Penny Drop Verification done by many cos. and its not only one time, they can do it periodically too. But all accounts at once, even those whose details you havn't used/given anywhere, then its Definitely someone who has access to your aadhaar/pan and can fetch details from all Banks. High chances ITDept or a similar dept.

I have also received same 1rs by hyperverge in my bob current account.(Ss attached)
What's going on?

 

[Trust Me]

Those were the accounts ALREADY DECLARED BY YOU in your previous ITRs. You may have declared only 4 out of 10 accounts you maintain.

What is MANDATORY NOW is that YOU MUST DECLARE ALL YOUR ACCOUNTS. All 10 of them.

Even accounts in Payment Banks (like Airtel, Paytm, Postal Bank, NSDL, Jio....) and all banks - including coop banks.

Hasn't that been the requirement for several years now?! What's new?
.

 

[RAMESH BABU N]

Hasn't that been the requirement for several years now?! What's new?
.

Till last year, it was optional.
From this year, it is MANDATORY.

 

[Trust Me]

Till last year, it was optional.
From this year, it is MANDATORY.

IIRC, it was mandatory earlier also! I remember reading some articles in the newspapers to that effect, and have been reporting all my accounts for years now.
.

 

[RAMESH BABU N]

IIRC, it was mandatory earlier also! I remember reading some articles in the newspapers to that effect, and have been reporting all my accounts for years now

Some (like us/me) are reporting all details n incomes - including 2/- SB Interest on even payment bank zero balance account.

Many were declaring only 1 or 2 accounts. Mostly, for IT Refunds.
Now, ITD is serious n it is legally mandatory to declare ALL Bank Accounts in ITRs.

 

[Trust Me]

Many were declaring only 1 or 2 accounts. Mostly, for IT Refunds.
Now, ITD is serious n it is legally mandatory to declare ALL Bank Accounts in ITRs.

Actually it was made mandatory to declare all accounts in the ITR as far back as in 2015 !

It's just that now the IT department has more means to track everybody thoroughly enough to make it impossible to avoid reporting.
.

 

[Zacobite]

Actually it was made mandatory to declare all accounts in the ITR as far back as in 2015 !

It's just that now the IT department has more means to track everybody thoroughly enough to make it impossible to avoid reporting.
.

yes.. it wad mandatory.. not everyone was declaring.. better to declare to avoid any mismatch

 

[HumorSimpson]

yes.. it wad mandatory.. not everyone was declaring.. better to declare to avoid any mismatch

Just curious how many rows (fill in boxes) are there in IT declaration. I have seen some Fintos having 10+ SB accounts.

 

[Zacobite]

Just curious how many rows (fill in boxes) are there in IT declaration. I have seen some Fintos having 10+ SB accounts.

You can fill many.. keep adding.. i know of a friend who got a mismatch because bank reported savings interest and he hadnt. declared.. nothing serious if amounts are minimal.. but now its is all system algorithm so any mismatch they throw it back

 

[RAMESH BABU N]

India's ITR Forms for AY 2024–2025: Key Changes

India's Income Tax Department has released ITR Forms 1-6 for AY 2024–25 and is enabling e-filing mechanisms according to reporting deadlines.

www.india-briefing.com

All changes from this year's ITR Filings (for FY 2023-24). READ IT.