Non-filing IT return

Sir/Madam,

I received notice from IT Dept. regarding no filling of IT return.

Information Code
1. CIB-514         -   interest paid by cooperative credit society
2. TDS-194A      -  TDS return - other interest (Section 194A)

I would like to ask is whether I need to file the IT return as I have no income.(I am housewife)

Also I would like to ask is what should be put under the TAB -  information relates to    for these 2 codes mentioned above.

please reply.


Sincerely,
Aniruddha narkhede
Email ID  -  aniruddhan2493@gmail.com
Asked 9 months ago in Income Tax from Pune, Maharashtra
it is better to file it returns as TDS is deducted on your deposits.

And give reply.

Shyam Sunder Modani
CA, Hyderabad
953 Answers
4.9 on 5.0
  Talk to Shyam Sunder Modani
Hello Sir, since you have not filed return and this interest on fdr from bank has been shown and tds is deducted on your PAN. Therefore, as you are saying there is no taxable income then to claim the TDS you should file the return. 
Bhagyashree Kankaria
CA, Pune
26 Answers
5.0 on 5.0
  Talk to Bhagyashree Kankaria
From a long term perspective, It is best that you file your income tax return. even if there is no taxable income. In case you plan to file return, you could select the "return under preparation" option. 

kindly also share the period to which the notice pertains. 

Shashank Surana
CA, Chennai
60 Answers
4.3 on 5.0
  Talk to Shashank Surana
Your income and notice pertains to which AY?? IT file can be prepared depending upon complexity of your transactions. If there are not much issues, we could do the needfull in a day or so.

Please donot do it on your own and avail expert services to file compliance in IT website.
Shashank Surana
CA, Chennai
60 Answers
4.3 on 5.0
  Talk to Shashank Surana
Hello Aniruddha,

As TDS is deducted so it is preferable to file your IT returns even if your income is not taxable. 

Secondly, it is in your benefit to file the the IT return as you may get the TDS amount as refund as you are not liable for tax. 

You can select Not liable to tax under the tab.


Trust this clarifies your query. 

Feel free to get back/ call back for any further clarifications. 

Thanking You. 

Regards,
Rohit R Sharma
BCOM, ACA, LLB - GEN, CERT. FAFP
Rohit R Sharma
CA, Mumbai
706 Answers
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u can put myself. If i am right they are asking whether the amount pertains to you or not
Shyam Sunder Modani
CA, Hyderabad
953 Answers
4.9 on 5.0
  Talk to Shyam Sunder Modani
Hello Aniruddha,

In your case  TDS is deducted so it is preferable to file your ITR even if you have no income.  you can take TDS amount as refund as you are not liable for tax. 

You can select in tax status tax refundable.


Trust this clarifies your query. 

Feel free to get back/ call back for any further clarifications. 

Thanking You. 
Shiv Kumar Agarwal
CA, Delhi
195 Answers
5.0 on 5.0
  Talk to Shiv Kumar Agarwal
Technically speaking, you dont need to file ITR if your income is below minimum slab (Currently it is INR 2,50,000)
Abhishek Dugar
CA, Mumbai
755 Answers
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