My mom (non tax compliant) is now asked to file returns.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 August 2017
My Mom who is a house wife and non tax compliant is now asked to file IT returns for FY 2014-15 for following
1. a deposit of amount exceeding Rs2lakhs
Explanation: Amount received out of redemption of mutual fund schemes (saved out of my father's salary through SIP mode in various mutual funds over a long period) - this is also withdrawn immediately within 15days for performing a house repairs).
2. The amount of STT paid for purchase of equity share -
Explanation: She used to purchase even shares in small volumes out of balance house hold money.
3. The amount of STT paid for sale of equity share -
Explanation: She used to time the shares and sell to make either profit or stop loss.
Kindly offer your expertise views on above how to file returns for 2014-15?
1. a deposit of amount exceeding Rs2lakhs
Explanation: Amount received out of redemption of mutual fund schemes (saved out of my father's salary through SIP mode in various mutual funds over a long period) - this is also withdrawn immediately within 15days for performing a house repairs).
2. The amount of STT paid for purchase of equity share -
Explanation: She used to purchase even shares in small volumes out of balance house hold money.
3. The amount of STT paid for sale of equity share -
Explanation: She used to time the shares and sell to make either profit or stop loss.
Kindly offer your expertise views on above how to file returns for 2014-15?
22 August 2017
you can file the return stating the above facts. There is nothing wrong in the explanation given by you as above.
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