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necessary or not

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7 Points Posted on 11 July 2019
my friends father files income tax return even though his annual income doesn't exceed 250000 but he has some 7 to 8 Lak fd in bank so is it necessary to file income tax return for him
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On 11 July 2019 at 16:40 Report
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Accountant
3479 Points Posted on 11 July 2019
Not required to file ITR as per rule if income is below basic exemption limit (Rs. 2,50,000 for below age of 60 years)

Submit Form 15G or 15H in Bank to avoid tds deduction on FDR interest
9 Reply
On 11 July 2019 at 23:52
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7 Points Posted on 12 July 2019
thank you
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On 12 July 2019 at 08:07
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7059 Points Posted on 04 August 2019
good clarification and information
33 Reply
On 04 August 2019 at 07:45


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