News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Direct Tax »
 Pawan Kumar Dua C/o. RRA Tax India, D-28, South Extension, Part-1 Vs. ACIT Central Circle-28 New Delhi
 Harvansh Chawla, C-17, Nizamuddin East, Dekhi Vs. ACIT, Circle-5, Room No.362, E-2, ARA Centre, 3rd Floor, Jhandewalan Extn. New Delh
 CBDT notifies Form 10-IC and Form 10-ID for Concessional Corporate Taxationa
 9 things new parents need to know before filing their taxes in 2020
 Last Day To File Belated ITR With Less Penalty, E-Verify Return
 Notification No.05/2020 - Central Board Of Indirect Taxes And Customs
 CBDT says income tax shortfall 'non-neogtiable', instructs top brass to pull up their socks to meet FY20 target
 Are you really saving your taxes? Know your Tax slabs & review your investment plans now!
 Notification No.05/2020 Central Board Of Indirect Taxes And Customs
 Notification No.05/2020 Central Board Of Indirect Taxes And Customs
 Should you invest in NPS just to get additional tax benefit?a

Income tax return: Do super senior citizens have to file returns?
June, 06th 2017

My father is over 90 years of age and has income from pension, interest on fixed deposits and savings account. His total income is Rs 2 lakh per annum. He has no TDS refund claim. Is he required to file income tax return?

There is a requirement for individuals to furnish I-T return, if total income exceeds the maximum amount which is not charge-able to income tax. An individual qualifying as ordinarily resident also has to furnish return of income if he holds any foreign asset including any financial interest even if income is less than the threshold limit. An individual may need to file his return, if he wants to carry forward a loss or wants to claim a refund of excess taxes paid. In this case, your father being a super senior citizen whose income is below chargeable limit (i.e. Rs 5 lakh) and with no refund to claim, foreign assets or other sources of income (other than pension, FD and savings interest), is not required to file the return.

'Make In India' For Defence Makes More Sense Than Buying Cheaper From Abroad: Ankur Gupta, EY

I am facing problems in logging into my e-filing account. I registered but forgot my user ID & password. I have sent mails to the department to register my email id, but there is no response. What should I do?

If you have forgotten your ID and password, you have an option to reset the password using one of the following:

Answer Secret Question.

Upload Digital Signature Certificate (if available)

Using One Time Password (PINs) sent to the registered email id and mobile number

Using Aadhaar OTP—If Aadhaar is linked with PAN, then you could generate OTP to reset the password.

A detailed manual ‘Reset Password – User Manual’ is available on the income tax website with step by step process for each of the above options.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting