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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.
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.
10 April 2020
You can make the FD. So long source is explainable, you should not be worried of inquiry.
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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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