I have purchased gold jewellery worth 2,69,000 mentioning my PAN while transaction was made from my spouse's account in FY 2021-2022.
No ITR filed by me as I my income as housewife is NIL. Now IT dept is sending email to me: "Submit your ITR for AY 2022-23."
Total transactions in my a/c for the FY is 1,80,000/-
If I have to submit return, how much income should I show? And which ITR form?
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ITR for no income but high value transactions
Replies (3)
Check your bank transactions of Rs. 1,80,000/- for any income from other sources.
Add to that bank interest.
File the ITR with said income including gift of the jewelry from your husband.
OK. Thanks and regards.
You are welcome ..
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