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SFT foreign exchange

This query is : Resolved 

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.

If income is not taxable then no need to file return. But it is advisable to file return .

Thank you very much

I think ITR to be filled by your wife as foreign travel exp exceeded Rs 200000.

Welcome.....My pleasure....

Thank you very much

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