my wife doesnt have any salary. But she has taken the PAN card . Does she need to file IT retrun?
Thanks
Jo
CA CS Roshan Begrajka
(Chartered Accountants)
(267 Points)
Replied 12 July 2013
no need to file return in ur case.
However
1) if there is any taxable income exceeds the basic exemption limit i.e. 200000/- then u have to file return.
or
2) if u have only salary income and it does not exceed 500000/- and employer deducted TDS also and Bank Interest upto 10000/- then no need to file IT return.
otherwise if u want to take loan in future then u must file return bcz it is a proof of ur income.
homi
(no)
(38 Points)
Replied 18 July 2013
Dear Sir,
Please file your income tax returns - whether you are paying or not any taxes.
Because when you are availing any banks annd other financial institutions --- They will ask for IT Returns documents.
Eventhough there is no harm - in filing NILL IT Returns - if are not coming under the applicable tax slab rate prescribed under Income Tax Act, ( visit: incometax website for more details )
You can approach any tax consultant in your locality for further details.
with best regards