ITR related query...

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Self employed
2193 Points Posted on 23 July 2021
dear colleagues gud evng,
ek confusion hai ki generally aap kisi housewife ki ITR me kya income show krte hai...mtlb ek housewife hai koi income nhi hai unki...lekin bss file maintain krne k liye ya capital increase krne k liye file bana rhe hai.. toh unki kya income dikahu jo reasonable bhi lage..

regards
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On 23 July 2021 at 19:22 Report
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Quick Summary
This discussion explores how to declare income on a housewife's Income Tax Return (ITR) when there's no substantial earning. Participants suggest various legitimate options, such as income from home-based activities like baking or tutoring, or showing bank interest. The consensus is to avoid declaring false income and to file the return even if income is below the taxable threshold.

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Chartered Accountant
24588 Points Posted on 23 July 2021
Show interest income from bank under income from other sources in ITR only
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On 23 July 2021 at 20:50
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2487 Points Posted on 23 July 2021
Why u want to show wrong income, why u want to generate income, when there is none, u can always file return, even when u don't have taxable income, i.e below 250000 pa..
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On 23 July 2021 at 21:15
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Chartered Accountant
86505 Points Posted on 24 July 2021
Either Income from in-house activities like Pape making, sewing , Laundry work, baking etc.
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On 24 July 2021 at 00:43
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2487 Points Posted on 24 July 2021

Best....show tution income

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On 24 July 2021 at 08:11
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Chartered Accountant
24588 Points Posted on 24 July 2021
Either tuition income or sb bank interest
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On 24 July 2021 at 09:19
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Self employed
2193 Points Posted on 24 July 2021
Ohhk thnk u so much all
2 Reply
On 24 July 2021 at 11:21
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379 Points Posted on 24 July 2021

give her loan and let her invest in  shares MF and return loan to you. Secondly put FD in her name and int of FD club with your income. Transfer int to her act and subsequently use that int for investment and generate her income

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On 24 July 2021 at 11:23
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Chartered Accountant
86505 Points Posted on 24 July 2021

Welcome...... My Pleasure.............

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On 24 July 2021 at 11:42
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Chartered Accountant
24588 Points Posted on 25 July 2021
Your welcome
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On 25 July 2021 at 11:28

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