IT Return
This query is : Open
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.
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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