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SFT foreign exchange

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(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.
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CA Rashmi Gandhi

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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 .
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kiran virpura

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kiran virpura (Querist)
25 July 2021 Thank you very much



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CA PARTH SHAH

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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.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
26 July 2021 Welcome.....My pleasure....
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kiran virpura

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kiran virpura (Querist)
04 August 2021 Thank you very much

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