Nitesh Singh (Others) (59 Points)
22 March 2014A housewife having no source of Income is having Fixed deposit in Nationalized Bank in range of 22 lakhs & 25 Lakhs. She is submitted the 15G form required by the banks along with her PAN details.
My question is does she need to fill a separate income tax return form separately every year?
CA and CMA Ravinder Singh
(CA and CMA)
(853 Points)
Replied 22 March 2014
Nitesh Singh
(Others)
(59 Points)
Replied 22 March 2014
But no record of her tax deduction is showing for past 5 year under for 26AS except for 2012-2013
SONU SHARMA
(ACCOUNTANT)
(30 Points)
Replied 22 March 2014
But if Her total intterest is more than the Taxable limit then she should file her return. Form 26AS does not matter here and also you cant deposit 15G in case of more than Prescribed Limit
Ramanuj
(Accountant.)
(834 Points)
Replied 22 March 2014
ITR file should be must. Because examtion limit crossed.
V K Vijayaraghavan
(PRACTICE)
(186 Points)
Replied 23 March 2014
Farooq
(Business)
(30 Points)
Replied 24 March 2014
Mihir
(Wealth Manager)
(5293 Points)
Replied 24 March 2014
She may file her ITR even if her income is below taxable limit.
CAclubindia
