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Income tax return limit


08 August 2017 Dear Experts, I am a house wife with out any income as such,except some FDs out of accumulated savings. I never used to file any IT return,because my income used to be much below 2.5 Lacs. Recently I started small time trading in shares,but even with this my income never approaches 2.5 Lacs. Under the circumstances,do I have to file IT Return, only because I trade is shares ? Thanks

08 August 2017 You need not file the income tax return if your income is below taxable. (People file the return in such cases just to build a record)

08 August 2017 Yes. I agreed fully without notice..... Just build a RECORD..... Sir., You said very frank






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