Is itr mandatory for income below 2.5 lacs

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Parth Shah (Querist)
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17 July 2019 Hi,
My spouse has income from home tuitions and Interest from fixed deposits. Her annual income from these sources is just below 2.5 lacs (may be around 2.35 Lacs).

Do I need to file an ITR for her?

She was working in a multinational company before 7 years and has some savings.
We plan to buy a property worth 50 Lacs on her name (Primary owner) with whatever savings (around 30 lacs) she has and I (Secondary owner if required) will be adding the remaining amount (20 lacs). Will it be an issue for buying a property if we do not have any recent ITR filed for her?

Radhakrishnan K.V.

Radhakrishnan K.V. (Expert)
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21 July 2019 Your spouse need not file ITR in case her income from all means is below 2.5 Lakhs.

Parth Shah

Parth Shah (Querist)
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22 July 2019 If she does not file an ITR can I still buy a property on her name with minimal investment amount?

Radhakrishnan K.V.

Radhakrishnan K.V. (Expert)
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22 July 2019 Filing of return and purchase of property have no relation.

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