Seven amendments have been made for an income tax returns, even if the annual electricity bill exceeds 1 lakh, the income tax return is mandatory.

Seven amendments have been made for an income tax returns, even if the annual electricity bill exceeds 1 lakh, the income tax return is mandatory.

Ahmedabad, Saturday Notification amending the provisions issued on 31st April – The annual electricity bill of your house is Rs. More than 1 lakh | There will be seven different amendments to the law and if your income is not taxable, you will have to. has come. This amendment will have to be implemented as even those who spend heavily do not file a tax return saying that they have to give an explanation to the government by filing an income tax return. Filed under Section 12 (1) of the Income Tax Act.

Amendment through a notification dated 31st April made return mandatory for those with a turnover of more than 20 lakh. Annual Rs. 50 lakh turnover | Has been made mandatory. | Even filing returns for them | A person who owns or trades and his | Interest in case of Senior Cities | Has been made mandatory. The same | If you are not eligible for income tax Arising including income or commission income Income tax for the person in cash, check, or even in the current account Amount of TDS or TCS every year Mandatory to file the return from NEFT or RTGS Rs. If it exceeds Rs. 50,000, more than Rs. 1 crore has been deposited during that year. The Income Tax Office will take action against those who do not file a return. More than Rs. Doctor, lawyer, or then chartered |

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Even if it is deposited by check, the return is mandatory. The annual income of a professional including accounts is Rs. In case of more than 10 lakhs, even if income tax has been paid for them, in case of income tax for them and from their payment. Mandatory to file return | Compulsory filing of returns has resulted in an increase of Rs. More than 2000 | Has been given.

Has come. Deduction of one’s own money for travel abroad – TDS or TCS, if it has been made annually in one’s savings account or for one’s family acquaintance, also for them by cash or check or RTGS K | Rs. Compulsory filing of return of those showing expenditure of more than Rs With the help of NEFT, even if the income is not taxable during the year, he has come. Their income is not taxable Rs. More than 50 lakh will have been deposited Return file for them even if their income tax return is mandatory If their income is not taxable Have to file.