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Itr

Trainee (Accounts Executive) (325 Points)

27 July 2014

I m filing itr online of my grandfather from last two years..his income is below taxable limit. .should I file his return online or not this tym??..if I will not file then income tax deptt may send non recipt of itr..so what should I do in this case

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7 Replies

Mihir (Wealth Manager) (5293 Points)
Replied 27 July 2014

Continue to file ITR for your grandfather. No problem.

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CA J.Alamelu lakshmi (Chartered Accountant) (852 Points)
Replied 27 July 2014

IT Dept will send non receipt of ITR only if the Return is filed online BUT NOT sent to CPC, B'lore.

Rohit Gupta (Audit Executive) (271 Points)
Replied 27 July 2014

Dear Trainee,

In case his Gross Total Income i.e income before giving any deduction u/s 80C & 80TTA does not exceed 2,50,000/- Rs. then there is no requirement of filing the ITR.

The Income Tax Department can issue the notice for non filing of return. But u can reply that since his GTI does not exceed taxable limit so he is not required to file the ITR.

In case you want to file his ITR then you can file it online as well as manuaaly depends on your choice. However, I will advise you to file it online only.

Regards

Rohit Gupta

RHT1203 @ GMAIL.COM

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 27 July 2014

you can continue filing return online.

CA Himanshu Bansal (Risk Manager) (2345 Points)
Replied 27 July 2014

There is no obligation to file the ITR if the income is below the taxable limit, presuming your grandfather to be of 60 years plus, Rs. 250,000 in case.

Department shall not issue any kind of notice, unless it has certains information from AIRs filed by different banks /institutions.

In normal course, you will not receive any notice, even if you do, you simply claim that you donot have taxable income in the respective assessment year and hence not under any obligation to file the ITR.

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Trainee (Accounts Executive) (325 Points)
Replied 27 July 2014

Thanks to all for their valuable response..

Hitesh Khanna (Accounting & Finance Taxation Company Law Audit ) (839 Points)
Replied 28 July 2014

Well there is nothing to worry at all.

1. Firstly you said that you are filing your grandpa's return for the last two years and his income is below the Taxable Limit.

Please note that Tax is to be paid on Income and when your Gross Total Income is below the Taxable Limit the Assesse is under no obligation to file his Income Tax Return.

Definately the Department has a record of your Grandpa's age and his Last Two Income tax Return.

2. There is 200% chance that you wont be served with any such notices from Income Tax Department as such notices are usually sent to the assess who have a track record of paying high taxes every year.