Income tax returns
sundip (Others) (107 Points)
01 April 2016sundip (Others) (107 Points)
01 April 2016
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 01 April 2016
TDS return means that bank has filed a return and it contains your pan, also chek how much bank interest you got in that FY, does it exceed 2L??
sundip
(Others)
(107 Points)
Replied 01 April 2016
Dear sir
Thnx 4 prompt reply.
No the interest doesn't exceed rs. 2 lacs n even if it exceeds the total exemption for a woman is 2.5 lacs i suppose but i m not sure about that financial year.
Suppose it exceeded rs. 2 lacs then wht option do we have now coz that period is gone n date of filing returns as well is gone
Whts the solution then
Harshad Kanekar
(Taxation and Accounts Executive)
(314 Points)
Replied 01 April 2016
Sir,
As per my knowledge if your wife's income is below Taxable limit, its not mandatory to file IT Return. If your Wife's Income is below Taxable limit just login at Incometaxindiaefiling and go to compliance of respective year and submit the reason as non taxable
sundip
(Others)
(107 Points)
Replied 01 April 2016
Oh is it that simple
I checked the interest recd in that period n its not exceeding the taxable limit n infact much lower to that
Anyways thnx a lot