Please advise if my parents (both of them are senior citizens) have to file returns for FY 2012 - 2013. Since my parents stay in Uttarakhand so the last date to file returns is 31 Oct 2013
1. My mother is retired (senior citizen) so she is getting pension. Plus during the FY 2012 – 2013 she received interest from fixed deposit which was more than Rs.10000. Her total income is less than Rs.2,50,000 for FY 2012 – 2013.
2. My father is also retired (senior citizen) and during FY 2012 – 2013 the only source of income for him was interest from fixed deposit which was again more than Rs.10000 but total income is less than Rs.2,50,000 for FY 2012 – 2013.
Is it mandatory for them to file returns in the wake of new directive ie Central Board of Direct Taxes (CBDT) has made it mandatory for salaried individuals earning up to Rs 5 lakh annually to file income tax returns
CAclubindia
