Suggestion regarding filing ITR of landlord
I am working and filing ITR for the second time. This time I have claimed HRA (around 4L) against my mom. My mom is a housewife and she has no other income other than this rented income. Should I file ITR for Mom also? I am aware that her salary falls below the tax exemption limit so taxes will get waived off if I am filing ITR for her by applying form 87A What can be the consequences if I am not filing ITR for her? Please anyone have experienced the same, please share your thoughts
Have you dome txn for every month to your mom's bank account, rental agreement?
I mean do we need have some proof if they ask for it? I am also planning to claim 25k per month but dpnt have any proof
In the worst case, what will happen? I will get an intimation (or notice?) for filling ITR late and need to pay 1000 as penalty, right?
Coy Denver
Stealth
a year ago
It's okay even if you don't file as total income is less than taxable income
