Sir one of my relative has been alloted house at bangalore in the year 1981 form Govt of karnataka with a term of 19 years lease agreement and subsequently possession of the house given in the year 2001 and registered in his name for Rs 33718. the the said house sold to his first daughter for a consideration of Rs 49 lacks in the month of March 2016.But he is not filed income tax return for the Asst.Order year 2016.2017 since he thought that his regular income is around 4000 per month.
my qtn is whether he has to file IT return for the Asst.year 2016.2017
Pl suggest me how to do it
CAclubindia
