The Central Board of Direct Taxes (CBDT) has introduced an important change in ITR-4 for Assessment Year 2026-27 (FY 2025-26) by making disclosure of “Balance with Banks” mandatory under the head Financial Particulars of the Business.
Earlier, only the following particulars were mandatory in ITR-4:
- Sundry Creditors
- Inventories
- Sundry Debtors
- Cash-in-hand
Now, from AY 2026-27 onwards, taxpayers filing ITR-4 must also compulsorily report Balance with Banks as on 31st March, 2026.
The revised utility specifies that reporting of the following fields is mandatory:
- E15 – Sundry Creditors
- E19 – Inventories
- E20 – Sundry Debtors
- E21 – Balance with Banks
- E22 – Cash-in-hand
The amendment is aimed at improving financial transparency and strengthening verification of banking transactions in presumptive taxation cases.
Source from: https://a2ztaxcorp.net/wp-content/uploads/2026/05/Income-Tax-18.05.2026.pdf
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