Which itr form for house wife having income from bank fd
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 June 2017
Please tell me which ITR to be filed for House wives who has income from bank FD interest more than 1,50,000/- per annum, but below Rs. 2.5 lakhs. Is it necessary to file ITR? She has no other income. These FDRs are startinging from year 2007 amounting Rs. 1.5 Lakhs and adding lumpsump amount Rs. 100,000/- per year received from husband. Now this amount is Rs. 18,00,000/- approx in june 2017 in the name of wife. Her husband filed his ITR regularly since 15 years. Husband filed around Rs. 4 Lakh ITR from last 3 years.
02 June 2017
As the amount is given by the husband clubbing provisions applicable and the entire interest received by wife is taxable in the hands of the husband.
02 June 2017
If amt deposited in FD from pin money thab it is taxable in hands of wife.For this she has to file ITR-1.
If all money received from husband as a gift then clubbing provision is applicable & such income is ahown in other sources of husband.
If all money received from husband as a gift then clubbing provision is applicable & such income is ahown in other sources of husband.
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 June 2017
thanks for your expert advice
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