This tax query is for a next door lady, a senior citizen, aged 63+ (husband is 68+ and is bed ridden), with 2 grand sons (of deceased son)
She has no income, though some from bank savings. She has a PAN but has never filed ITR.
Her other 2 sons and a daughter send her some money monthly, to meet household and medical expanses and for education of her grand sons. She received some 4.5 lakhs in FY21-22. One of her distant relative in a meet, has frightened her, saying that it is mandatory for her to file ITR, as she is receiving more than 3 lakhs in an year.
The query is, whether it is mandatory for her to file ITR for the amount she receives from her sons/daughter.
She has no income, though some from bank savings. She has a PAN but has never filed ITR.
Her other 2 sons and a daughter send her some money monthly, to meet household and medical expanses and for education of her grand sons. She received some 4.5 lakhs in FY21-22. One of her distant relative in a meet, has frightened her, saying that it is mandatory for her to file ITR, as she is receiving more than 3 lakhs in an year.
The query is, whether it is mandatory for her to file ITR for the amount she receives from her sons/daughter.
Still do check for compliance with the following:
Where the total income exceeds the basic exemption limit or,
Deposit of more than Rs. 1 crore in current accounts or,
Expenditure on foreign travel in excess of Rs. 2 Lakh or,
Expenditure on electricity bills in excess of Rs. 1 Lakh or,
Aggregate TDS/TCS is Rs. 25,000 or more (Rs. 50,000 for senior citizen) or,
Deposit of more than Rs. 50 Lakh in savings bank accounts