My father passed away in 2008. Since then my mother who has always been a housewive hasnt had her returns filed. She used to file her ITR prior to my father death. She has no income. But there are a couple of cash transactions (low value less than 50k deposits each time a couple of times a year, not aggregating to more than 1.5 to 2 lacs a year and similar withdrawls at a time)
What should she do in this scenario?
Thanks for the help
if your mother income is less then NIL slab
there is no need to file return
as she was filling return before 2008, now atleast 2008-09 and 2009-10 return can't be filled.
you can carry on but not compulsory
but in practical it is advisable, as ITR is helpful in loan etc in future
If her income is less than the basic exemption limit, it is not mandatory for her to file income tax return...
Greetings
I wish to suggest you if your mother total income is less than the prescribed income tax slab rate so, there is no need of filing of rerurns to dept but , in case if u submit the return also nothing will takes place, So yes, when u submit the NIL return it would be helpful for future corrrespondense when u want to go for lending loans from banks.
I trust i have shared my knowledge which would be aware you.
Thanks for giving me a oppertunity to share the same.
Hari prasad.J
CAclubindia
