if a person is not working, their source of income is bank interest only and its abt 30000 to 50000, they have never filed itr before, do they still need to file itr now?.. so some say its way below the basic tax exemption no need
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 03 August 2017
As such not mandatory, unless for refund of any TDS deducted.....
Kiran. S
(CTO)
(745 Points)
Replied 03 August 2017
Always see that
1) 15G/15H is filled and given to various income giving agencies. Banks - Companies etc
2) Always see the 26AS statement by 30th june. By mistake sometimes bank deduct TDS due to volume of work and oversight.
if nothing is there in 26As - one should not file IT return if the total income before all deductions is less than 2.5Lk
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