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Tax benefit for housewife

ITR Filing 3260 views 9 replies

A housewife having no source of Income  is having Fixed deposit in Nationalized Bank in range of 22 lakhs & 25 Lakhs. She is submitted the 15G form required by the banks along with her PAN details.

My question is does she need to fill a separate income tax return form separately every year?

Replies (9)
If her income exceeds the exemption limit then she is required to file ITR ..

i agree with ca ravindra singh

But no record of her tax deduction is showing for past 5 year under for 26AS except for 2012-2013

But if Her total intterest is more than the Taxable limit then she should file her return. Form 26AS does not matter here and also you cant deposit 15G in case of more than Prescribed Limit

ITR file should be must. Because examtion limit crossed. 

 

 

Would it be clubbed with her spouse
Irrespective of what the outcome is, it is for the department to assess the correct income based on her legal status and it is prudent and advisable to file the return of income before the due date of filing

She may file her ITR even if her income is below taxable limit. 

How much property tax one needs to pay ??


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