Whether Farmer required to file return in case he Paid Electricity bill more than Rs. 100,000/- for the A.Y. 20-21
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Income Tax Return in Case of Farmer For A.Y. 2020-21
Replies (2)
Yes.
As per SEVENTH proviso to sub-section (1) of Section 139 by the Act No. 23 of 2019, w.e.f. 1-4-2020 :
Provided also that a person referred to in clause (b), who is not required to furnish a return under this sub-section, and who during the previous year—
(i) has deposited an amount or aggregate of the amounts exceeding one crore rupees in one or more current accounts maintained with a banking company or a co-operative bank; or
(ii) has incurred expenditure of an amount or aggregate of the amounts exceeding two lakh rupees for himself or any other person for travel to a foreign country; or
(iii) has incurred expenditure of an amount or aggregate of the amounts exceeding one lakh rupees towards consumption of electricity; or
(iv) fulfills such other conditions as may be prescribed,
shall furnish a return of his income on or before the due date in such form and verified in such manner and setting forth such other particulars, as may be prescribed.
He has to file return mandatorily as per electricity bill criteria.
Farmer , Agri income all are irrelevant.
Farmer , Agri income all are irrelevant.
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