To file itr or not ?

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Vishal

Business Analyst

34 Points Posted on 21 June 2012

I have two cases:-

Case 1

I am working with Tata Consultancy Services working in USA since Feb 2011. As a resulted I earned nothing in india from salary or from other sources for FY 2011-12. My interest income from Bank Savings is around Rs 20,000. Do i have to file income tax ?

Case 2:

My wife is working in india but is on Leave without pay since Feb 2011 and she is with me in USA and as a result of LWP she has also earned nothing from income or other sources. Her interest income is around Rs 15,000. Does she have to file Income tax for Fy 2011-12. If yes, can she file by March 2013 as last date as no tax or refund is due ??

Replies (4)

praveen

Chartered Accountant

5709 Points Posted on 22 June 2012

Originally posted by : Vishal
	I have two cases:- Case 1 I am working with Tata Consultancy Services working in USA since Feb 2011. As a resulted I earned nothing in india from salary or from other sources for FY 2011-12. My interest income from Bank Savings is around Rs 20,000. Do i have to file income tax ? Case 2: My wife is working in india but is on Leave without pay since Feb 2011 and she is with me in USA and as a result of LWP she has also earned nothing from income or other sources. Her interest income is around Rs 15,000. Does she have to file Income tax for Fy 2011-12. If yes, can she file by March 2013 as last date as no tax or refund is due ??

Not required to file ITR in both the cases.

Vishal

Business Analyst

34 Points Posted on 24 June 2012

Even if i have interest from savings to the tune of Rs 25000

Balaji

Knowledge Seeker

289 Points Posted on 24 June 2012

No compulsion to file a Return for either of you so long as the total taxable income does not exceed Rs.1.80 Lakhs(for you) and Rs.1.90 Lakhs(for your wife) in F.Y. 2011-12.