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Sumit Arora (Querist)
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10 April 2020 Respected Sir,

I never filed Income tax return because my annual income is less then 250000/-. But i am saving every year 70K to 80K in each year from 2008 ( In my saving account) if can i make fixed deposit for RS.700000/- Does income tax department raise any question to me about that. Please advise to me.

CA Suresh Jain

CA Suresh Jain (Expert)
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10 April 2020 You can make the FD. So long source is explainable, you should not be worried of inquiry.

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Aashok Kumar Sharma online

Aashok Kumar Sharma online

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22 May 2020 Even if you are less than the specified slab you should file your IT Return as it can be useful on many occasions in future.

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