My dad a retired govt servant didn’t received any pension or salary during FY 2009-10 (AY 2010-11). I had transferred Rs. 90,000/- into his accounts. Out of his savings and earnings from interest on investments he purchased shares for more than Rs. 1,00,000/- in that year. Since he didn’t had any taxable income he didn’t filed ITR for AY 2010-11 (ignoring the condition that if more than Rs. 1,00,000/- is invested in shares ITR has to be filed).
Now following notice has been received from IT dept “As per our records, it is observed that you have not filed your Income Tax Returns. Please login to https://incometaxindiaefiling.gov.in. and submit details under Compliance module”.
How can he file ITR for AY 2010-11 now and under which section should he file it now. There is no tax to be paid.
Sandeep