Hello Experts,
I have 2 FDs in two different Banks.1 lakh of each,on which I earns interest every year,I have quoted my PAN in both the Banks,even I have filled up Form No 15G as I am not earning anything except interst on FDs (Money gifted by my mother-her lifetime saving),besides this my father deposits 6000-7000 Rs. avg. every month for my monthly expenses as I am away from home.My father is in agricultural field,plus he also earns from milk collection dairy and by selling unprocessed collected milk to the households.He never
filed his Income Tax Return,Even He don't have PAN too.
Should I still file income tax return?
If yes,what to show in my return and which ITR-form I should fill-up.
Is there any place/field where I can show gift received and deposited in FD.
How can I comply with the Income Tax Act?
Thank You And Regards.
Haresh Jambucha
CAclubindia
