Income Tax Return
This query is : Resolved
01 August 2020
Sir, I am an accountant, earning a salary of Rs.18,000/- P.m, Myself & Mother having a Joint Bank Account, & My mother receives a rent of Rs.16,500/- annunity of Rs.5,992/- from LIC Policy. on every month. Do I Required to file a Income Tax Return, my mother is a Senior Citizen, If I file a ITR Can i show Rental income in my ITR . & also can we get a housing loan if i file a ITR . Please advice.
01 August 2020
No need for you to file ITR. You can't show your mother's rental income in your ITR.
19 August 2020
Thank you for your valuable advice
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