A person name Mr. A buys a house property in the year 1993 worth Rs. 3 lacs in cash.
24 years passed now..
but Mr. A has never filed any return of income in his entire life
because after buying the house
he had never has such income to show.
and as he was a illetrate person he also dont know what is income tax and all
now one of his child being a commerce graduate got to know that this is wrong..
now please suggest how to Returned ITR file of both Mr. A and his wife.
the house property ia in the name of Mr. A and his wife..
as per Section 139
every person other than company shall file return if total income exceeds the maximum amount which is not chargeable to Income Tax.
therefore unless a person is having taxable income no need to file any return of income.
CAclubindia
