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Articles by Bineeta Jain

Attention! You might have to file your income tax returns even if it’s below the taxable limit

Bineeta Jain 23 September 2020 at 10:00

The Finance (No. 2) Act, 2019 has inserted a new seventh provision to section 139(1) to provide for mandatory filing of return of income for undertaking certain high-value transactions even though the person is otherwise not required to file a return of income.