IT Return

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sandeep (Querist)
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29 August 2016 my father have shop which he has give on rent on 10000 pm and earns income on it and does a job an earn 8000 pm as well as ,whether he should return a IT return or not ,now i want to club my income Rs 16500 pm from salary ,we want to purchase a house for Rs 15Lac on loan But bank ask for Father I.T Return file ,kindly give suggestion on it.

ACA Anurag

ACA Anurag (Expert)
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29 August 2016 Dear Sandeep, As your father is earning incoming of 208000 and u want to purchase a house it's quite natural that bank will ask for itr So file your father return for last 2 years. Sec 64 tells about clubbing of income but u should file your return Indivally as u will also get the benefit of exemption limit. Hope your query is resolved Kindly like if my response has helped you

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