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Income tax returns

vijay sai (29 Points)

21 August 2020  
sir,who should file income tax returns?
wether the persons whose Gross total income exceeds basic exemption limit,or the person whose Total income exeeds the basic exemption limit?
which Income should be taken as base for mandatory filing returns,
pls clarify,
Thanking you sir

 8 Replies

ashok reddy (15 Points)
Replied 21 August 2020

You should tax Total income not gross total income

Ruhi Khan (2 Points)
Replied 21 August 2020

Person whose GTI exceed 2.5 lakh is mandatory

priyanka pal (110 Points)
Replied 21 August 2020

If assessee's gross total income ( before claiming exemption us 54) less than basic exemption limit then he return filing is mandatory

Vijay Prakash (146 Points)
Replied 21 August 2020

When the assessees GTI exceeds Rs. 250000, return filing is mandatory.

Jayendra (student) (216 Points)
Replied 21 August 2020

When Gross Total Income i.e. Total income before taking any deductions exceeds 2,50,000/- then the person is required to file return of income

Himanshu (Student CA Final ) (114 Points)
Replied 21 August 2020

In addition to what have been mentioned above seventh proviso to 139(1) should also been considered where upon fulfillment of any of the 3 conditions ITR filing is mandatory even when GTI is less than 2.5 lacs.

Replied 22 August 2020

We just need to consider the gross total Inc without deducting chapter vi a ded
That Gti should be equal to or more than 250000 in relevant py to file return

J Ja (15 Points)
Replied 25 August 2020

Income more than 2.5lakh

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