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Dormant Bank Accounts News

16 Dec 2015

Black money: Six Indians on list as Switzerland makes public 2,600 dormant a/c

Of the six, the residence of four has been mentioned as India, Paris (France) for one. However, the place of residence of the sixth person has not been mentioned.

Income tax return forms

10 May 2015

Simplified income tax return forms likely by month end

The Finance Ministry is likely to come out with simplified Income Tax Return (ITR) forms by the end of this month which may exclude disclosure of dormant bank accounts as also those which do not have a minimum specified balance.

16 Apr 2015

Many new accounts in India but dormant ones too: World Bank

Translated into absolute numbers, this growth in number of bank accounts means that 175 million in India became account holders between 2011 and 2014.

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