Requirement to file income tax return for a.y. 2015-16

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I have received a house property from my father through a gift deed.Its the sole property in my name.Along with it I have income from savings bank interest and fixed deposite interest, for which I have submitted Form 15G.I have no other income except the aforesaid incomes.Whether I need to file Income Tax return for A.Y. 2015-16?If yes how to show the house property in IT return as its deemed self occupied?My father used to give income tax on the property till A.Y. 2014-15.Thanking you in advance.
Replies (1)

If your income is below taxable limit then you dont need to file the return. Since you filed form 15G it means you do not have taxable income.


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