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Retailopædia

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The Encyclopædia of Indian Retail — revised every hour



Tax Compliance confidence 72/100

Declare All Active Bank Accounts in Your ITR or Face Tax Scrutiny

India's Income Tax Department requires savings, current, overdraft, and NRE/NRO accounts to be reported with IFSC codes; dormant accounts excluded but one account must be flagged for refunds.

ndtv-profit-business · 7/14/2026, 9:02:25 AM · Ask about this →