HOW MANY YEARS IT RETURNS FILED

This query is : Resolved

Kollipara Sundaraiah (Querist)
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19 November 2021 SIR,
A small business it returns non fileing person purchases of site value rs:20 lacs in f.y. 20-21
Question:
1.Assess it returns filed compulsory and how many years it returns filed.
2.purchases of site value showing in it returns compulsory.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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19 November 2021 1. Not compulsory, if aggregate income is below exemption limit; but better to file.
2. No. not compulsory................... Sale of site need to be declared.

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