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WHETHER TO FILE RETURN - INCOME ABOVE 2.5 AND LESS THAN 5 - AGE 90

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EXECUTIVE IN NBFC
100 Points Posted on 27 July 2021

The income of a super senior citizen (age 90) is above 2.50 lakhs but less than 5 lakhs.  Has he to file a return for ay 21-22?  Please suggest.

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On 27 July 2021 at 19:53 Report
Replies (12)
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ACA
1533 Points Posted on 27 July 2021
Income up to Rs 5,00,000*
No tax
4 Reply
On 27 July 2021 at 20:56
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Chartered Accountant
24588 Points Posted on 27 July 2021
Not required to file ITR
129 Reply
On 27 July 2021 at 22:18
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ACA
1533 Points Posted on 27 July 2021
As his taxable income not exceeding Rs. 5 lacs return of income need not be filled
4 Reply
On 27 July 2021 at 22:23
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791 Points Posted on 27 July 2021
Aggre with sourav ji
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On 27 July 2021 at 23:42
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ACA
1533 Points Posted on 28 July 2021
Up to Rs. 5,00,000 no tax means meaning not required to file return of income
4 Reply
On 28 July 2021 at 08:35
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EXECUTIVE IN NBFC
100 Points Posted on 28 July 2021

Thanks.  If he has been deducted TDS as the income is above 2.5 lakhs, for getting refund, has he file the return?

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On 28 July 2021 at 10:02
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ACA
1533 Points Posted on 28 July 2021
Yes that's the only option
4 Reply
On 28 July 2021 at 10:04
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2742 Points Posted on 28 July 2021
If your TDS has been deducted , then even if you have income less than basic exemption , you need to file you return for claiming TDS.
9 Reply
On 28 July 2021 at 11:46
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ACA
1533 Points Posted on 28 July 2021
For claiming refund of YDS I replied in brief yes that is the only option means the person who queried can understand
4 Reply
On 28 July 2021 at 11:52
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Chartered Accountant
24588 Points Posted on 28 July 2021
Yes for claiming TDS refund then return should be filed
129 Reply
On 28 July 2021 at 11:56
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EXECUTIVE IN NBFC
100 Points Posted on 28 July 2021

Thank you all for sharing your views.

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On 28 July 2021 at 14:37
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Chartered Accountant
24588 Points Posted on 28 July 2021

Your welcome... For your response

129 Reply
On 28 July 2021 at 14:52


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