26as statement shows income receipts without tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2017 Hi
Iam an income tax payee and my mom got the message on her mobile phone -
26As statement shows income receipts without TDS
She took a loan of 5 lacs from our relatives for house construction and deposited in bank . she is also a teacher but her yearly income is 1.2 lacs .
So did she get the message because of the deposited 5 lacs amount ??
Or is it just a general message .
Do she has to pay income tax or file an ITR ???

Mridul

Mridul (Expert)
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24 July 2017 It is a general message saying, that no TDS is deducted on Salary. It is because income is under Exemption limit. There is no need to Income Tax but I advice to file Nil Rated ITR.

Mridul

Mridul (Expert)
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24 July 2017 But it not mandatory to file ITR as income is below 2,50,000

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2017 Thanks a lot Mridul for prompt response . very much appreciated :)

Mridul

Mridul (Expert)
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24 July 2017 You're welcome :)

Anand

Anand (Expert)
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24 July 2017 Please download your mum's 26AS Statement and check the amount of income credited. That along with the salary if it does not exceed Rs. 2,50,000/- you will not have to file the return.
This year department has been e-mailing people who have 26AS credits, with or without TDS, to encourage them to file their returns.
Legally you are required to file only if the total income is above the minimum amount chargeable to tax.