Can i file income tax?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2014 a lady is house wife & she doesn't have any income but she having fixed deposit 2200000 she taken FD partly 1.) 700000 date of deposit 07.12.2013 2.) 700000 date of deposit 09.12.2013 3.) 800000 date of deposit 02.01.2014. can i take 3 month interest also claim 80C tax saving benefit Rs.100000. total income is (loss)Rs.40000/- can i file income tax for F.Y. 2013-14.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 June 2014 the important factor here is from where she got the money to invest in FD...ideally any income on FD should be clubbed with the income of that person

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2014 ...........................................&&&&&&&&&&&&&&&&&

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2014 her husband doing business and he gifted the sum to her

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 June 2014 then the interest income will be clubbed in husband's income.

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2014 so no need to file his wife income tax return for the F.Y.2013-2014

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 June 2014 no. but the husband needs to include the income in his tax return..refer section 64 of the income tax act

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2014
thanks a lot sir

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