Interest income of house wife, whether she file itr 1 or not
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 June 2017
My cousin is housewife. She had FDR in Banks amounting Around Rs. 19,00,000/- She gets Rs. 1,81,725/- interest income in FY Year 2016-17. Whether she filed ITR-1 or not? Is it compulsory to filed ITR for Her or NOT? She never filed ITR Till Today. Please Tell me If she filed ITR-1, whether she will received any notice from IT Department. She started these FDR from Year 2006 to year by year. She has income from Home Tuitions, but she get all money in cash from her students. Please advice.
CA Rashmi Gandhi
(Expert)
06 June 2017
No need to file ITR as her income is below taxable limit. Eventhough she file ITR-1 then also she will not receive any notice.
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