• E-mails from no-reply@cpc.incometax.gov.in

I have been receiving several e-mails from [deleted] with the following subject along with my PAN No.: “{my PAN No.} - Please file your IT return for AY 2021-22 now! Please ignore if already filed". I’m an NRI and my income in India is below the taxable limit of 2.5 lacs. I know its not mandatory for me to file ITR but since I'm receiving these e-mails, I'm getting confused. My question is: is ITR filing mandatory for me just because I have received these e-mails?
Asked 10 months ago in Income Tax

Hi

 

These are general emails sent to all registered taxpayers. You may ignore such emails if you are not liable to file ITR.

Lakshita Bhandari
CA, Mumbai
5660 Answers
817 Consultations

5.0 on 5.0

Dear Sir,

 

Hope you are doing well !!

 

If you are not liable to file ITR then you may just ignore the same.

 

 

 

 

 

 

 

Payal Chhajed
CA, Mumbai
5175 Answers
244 Consultations

5.0 on 5.0

Please check your Form 26AS and AIS for AY 2021-22 for income received and TDS deduction in FY 2020-21. If TDS is deducted, I would suggest you to file ITR. Mostly TDS is deducted on the interest received in NRO account. Interest received in NRE account is exempt. Also check if there is something to report in Schedule EI apart from NRE interest.

 

For detailed discussion, you may opt phone consultation.

Vivek Kumar Arora
CA, Delhi
4493 Answers
621 Consultations

5.0 on 5.0

Hii

 

you need to file return just because of these email /sms 

 

because this is just reminder mails 

Lalit Bansal
CA, Delhi
756 Answers
59 Consultations

5.0 on 5.0

No it is just an advisory and not mandatory to file income tax return.

However, you should check if there is some TDS deducted then you can claim refund for that TDS as well.

If you need any assistance in filing ITR Click HERE: https://www.taxontips.com/income-tax-return/

 

Hope you find the information helpful, if yes do rate if 5 and provide your valuable feedback for my improvement.

Thank you.

Naman Maloo
CA, Jaipur
4065 Answers
70 Consultations

5.0 on 5.0

No if you have the total income below Rs.2.5 Lakhs you are not required to file the Return. These are generic emails sent to registered taxpayers. But do check, if there is any TDS deducted on your account so you may choose to file to claim tax refund in India. 

Prerna Peshori
CA, Pune
94 Answers

5.0 on 5.0

Since the NRE interest income is exempt, it will not form part of total income. Therefore, total income without including NRE interest is to be considered. If that is below Rs.2.5 Lakhs, ROI need not be filed. 

Prerna Peshori
CA, Pune
94 Answers

5.0 on 5.0

Taxable income needs to be seen and since NRE interest is exempt you need not include it and hence legally not required to file return.

But if the amount is huge it is advisable to file income tax return just for the sake of continuity and reporting of Income.

You must also check your AIS information to know more : https://www.taxontips.com/annual-information-statement-ais-has-been-rolled-out-by-cbdt-on-compliance-portal-to-replace-form-26as/

 

Thank you

Naman Maloo
CA, Jaipur
4065 Answers
70 Consultations

5.0 on 5.0

Interest earned in NRE accounts won't be taxable for you. You need not include that while calculation of 2.5 lacs limit.

 

If you hold NRO account also, banks would be deducting TDS on interest. You may opt to file ITR voluntarily to claim refund of TDS deducted 

Lakshita Bhandari
CA, Mumbai
5660 Answers
817 Consultations

5.0 on 5.0

1) Yes your undersanding is correct.

2) An individual is also liable to file ITR if he undertook below transactions during the previous year even though his total income is less than the maximum exemption limit.

(i)  has deposited an amount or aggregate of the amounts exceeding one crore rupees in one or more current accounts maintained with a banking company or a co-operative bank; or

(ii)  has incurred expenditure of an amount or aggregate of the amounts exceeding two lakh rupees for himself or any other person for travel to a foreign country; or

(iii) has incurred expenditure of an amount or aggregate of the amounts exceeding one lakh rupees towards consumption of electricity; or

(iv) fulfils such other conditions as may be prescribed,

 

 

 

Vivek Kumar Arora
CA, Delhi
4493 Answers
621 Consultations

5.0 on 5.0

These statements are only for reporting purposes. These include all your financial transactions traced through PAN. One need not directly link it towards taxability of income.

Lakshita Bhandari
CA, Mumbai
5660 Answers
817 Consultations

5.0 on 5.0

- Such transactions are now part of SFT (i.e. Statement of Financial transactions) and appears in AIS (Annual information statement). If you re-check AIS , interest from saving bank is appearing in Part B2- Information relating to SFT. It is just reporting of the transactions and not the tax treatment. There are 14 transactions to be reported in SFT.

Vivek Kumar Arora
CA, Delhi
4493 Answers
621 Consultations

5.0 on 5.0

Because it is requirement for the bank to mention it over there.

If anything is mentioned there that doesn't means it is taxable income.

Naman Maloo
CA, Jaipur
4065 Answers
70 Consultations

5.0 on 5.0

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