ITR Filing AY 2026-27: Which Bank Accounts Need to Be Disclosed in Your Income Tax Return?

Taxpayers filing their Income Tax Return (ITR) for Assessment Year (AY) 2026-27 should ensure they disclose details of all eligible bank accounts held in India during Financial Year (FY) 2025-26. The requirement applies to all reportable bank accounts, not just the one used for salary credits or regular transactions. 

According to the Income Tax Return (ITR) forms notified by the Central Board of Direct Taxes (CBDT), taxpayers must provide details of every eligible Indian bank account held at any time during the previous financial year. The only exception is accounts that have been officially classified as dormant by the bank. 

Which Bank Accounts Must Be Reported While Filing ITR? 

The disclosure requirement covers all eligible Indian bank accounts held during FY 2025-26, including: 

The requirement is not limited to accounts that remained active as of March 31, 2026. If an account was held at any point during the financial year, including accounts that were later closed, it may still need to be disclosed. 

However, accounts officially classified as dormant by the bank are exempt from reporting. Taxpayers should note that an unused account is not automatically considered dormant unless the bank has formally designated it as such. 

For each reportable account, taxpayers are generally required to provide details such as the bank name, account number, IFSC code, and account type. 

Read More: Crypto Tax Refund on Excess TDS: What Investors Should Check Before ITR Filing? 

Why Accurate Bank Account Details Matter While Filing ITR 

Providing correct bank account details is important, particularly for taxpayers expecting an income tax refund. 

The ITR forms require taxpayers to select one or more validated bank accounts for receiving refunds. Once the return is processed, the Income Tax Department may credit the refund to any of the validated accounts selected by the taxpayer. 

Before filing the return, taxpayers should ensure that the selected account is operational, linked to their PAN and validated on the income tax e-filing portal. Incorrect account details or selecting a closed account may delay the refund process. 

Don't Forget to Report Interest Income While Filing ITR 

Disclosing a bank account in the ITR does not automatically mean the income earned from it has been reported. 

Taxpayers should separately disclose interest earned from savings accounts, fixed deposits and recurring deposits under the appropriate head of income. Before filing the return, it is advisable to reconcile interest income reflected in bank statements with Form 26AS and the Annual Information Statement (AIS) to ensure complete reporting. 

Conclusion 

While filing ITR for AY 2026-27, taxpayers should verify that all reportable bank accounts held during FY 2025-26 have been disclosed, refund account details are accurate, and all taxable interest income has been reported. Completing these checks can help avoid refund delays and reduce the need to file a revised return later. 

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