My wife has pancard and demat account,getting profit of Rs10000 from shares should she fill income tax return?



My wife is housewife trading shares with an amount of Rs.50,000. She is getting profit from it around Rs.10000 every year since 2008 but she never filled income tax return form. And she has no other income.Should she fill ITR for this assessment year 2010-11?

My wife has pancard and demat account,getting profit of Rs10000 from shares should she fill income tax return?
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2 Replies to “My wife has pancard and demat account,getting profit of Rs10000 from shares should she fill income tax return?”

  1. The exemption limit for females is Rs 1.9 lakhs in one FY.

    Rs 10,000/- is far below the exempted limit, so do not worry about tax.

    Having a PAN is not criteria for filing ITR.

    HMT


  2. It depends on the company & the current status of share market. I would recommend you to consult a trustworthy Portfolio manager & get updates right on your mobile phone to keep track on your investments.





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