Income tax for housewife

1999 views 7 replies

If housewife has rental income less than 2.5 lacs, does she need to file IT return, also how does IT dept trace the husband of housewife for such incomes if not filed in husband's IT return.

This is considering that the tenant would have put PAN no of housewife in his rent declaration. in that case they will not find any IT return against this PAN no.

Replies (7)
IT department MAY not track, not required to file incometax return if rental income received is below 2.5 lakhs

if your income is below limit don't compulsory  to file itr, and income tax system is trace any other income in your hand to prove it

But I suggest u to file ITR as when u take loan u will have to show ur return of 2-3 yrs...so there will be problem......still it is not compulsory to fill return below standard limit but u can file it
I will ask you to check with your client the following : 1. Who's the Registered Owner of such property ? 2. How did with wfe gained possession of Such Property - For consideration or without conciderationn?
House wife is not required to file income Tax return as Income is below taxable amount. Also department will not trace because that income is earned by housewife and also PAN qouted by housewife. So that'll be her income and might be clubbing will not apply. But advisable to file returne.

as per sec139 Your income is below than exemption limit but I suggest you to fill the ITR it may help you if you took the  loan in future 

IT department will not trace you because this income is earned by your housewife.

as per sec 194(I) TDS on rent is liable to to be deducted by the person making the payment during the year ( the limit for this is 180000) 

if the let out property ownership is in name of wife herself, then she can enjoy the exemption limit without filing the ITR even, but advised to file NIL return .

if the let out property is not owned by her, but its just book entry to pass the rent income, then the income would go clubbed with the actual owner of property. 


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