कर विवरणी भरना हुआ अनिवार्य चाहे आपकी आय हो न हो
Section 139 of the Income-tax Act contains provisions for filing a return of income. The seventh proviso to Section 139(1) requires mandatory filing of a return by a person entering into certain high-value transactions. |
The CBDT has notified the following additional criteria to make return filing mandatory for an assessee: |
1) If total sales, turnover or gross receipt of the business exceeds Rs. 60 lakhs during the previous year; |
2) If total gross receipt of profession exceeds Rs. 10 lakhs during the previous year; |
3) If the total tax deducted and collected during the previous year exceeds Rs. 25,000. The threshold limit shall be Rs. 50,000 in case of a resident individual of the age of 60 years or more; or |
4) If the aggregate deposit in one or more savings bank accounts is Rs. 50 lakhs or more during the previous year. |