From 15H
3 years ago
I am 70 yrs old female. My total income is from FD interests totalling 3.5 lakhs. Can I sign 15H form and is it mandatory for me to file ITR. I am a house wife and not filed ITR till now.
Vaidehi Samant
Responded 3 years ago
A.It is advisable that you file Form 15H with your each bank where you have account if your income from your account and/or FDs and such other investments with banks is over a particular cap provided by the public authority to avail exemption from deducting tax otherwise tax might be deducted irrespective of the fact that you are housewife or not income tax payer. I think the cap is at around Rs 40,000/- in respect of interest at annual basis, however the exact figure you can check with your bank.
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A.Hi,
It is mandatory for every citizen to file for ITR even if you have a single source of income.
However, after a certain age (80 years), your tax will be exempted.
If you like my answer please give a good review.
It is mandatory for every citizen to file for ITR even if you have a single source of income.
However, after a certain age (80 years), your tax will be exempted.
If you like my answer please give a good review.
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Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
It is important for you file for ITR even if you have a single source of income. After 80 years of age, your tax will be exempted.
If you like my answer please give a good review.
It is important for you file for ITR even if you have a single source of income. After 80 years of age, your tax will be exempted.
If you like my answer please give a good review.
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