SFT foreign exchange
This query is : Resolved
Quick Summary
kiran virpura
(Querist)
24 July 2021
Foreign exchange purchase Rs. 222000/- reported in my wife's 26 As under SFT. My wife is housewife and no source of income. Foreign exchange purchased for LFC tours and payment made from our joint account. Whether it is necessary to file ITR of wife.
CA Rashmi Gandhi
(Expert)
25 July 2021
If income is not taxable then no need to file return. But it is advisable to file return .
kiran virpura
(Querist)
25 July 2021
Thank you very much
Message likes :
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CA PARTH SHAH
(Expert)
26 July 2021
I think ITR to be filled by your wife as foreign travel exp exceeded Rs 200000.
CA Rashmi Gandhi
(Expert)
26 July 2021
Welcome.....My pleasure....
kiran virpura
(Querist)
04 August 2021
Thank you very much
Message likes :
1 times
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