is itr filing mandatory for one who possesses PAN

sir,
is ITR filing mandatory for all who possesses PAN or only when the income exceed certain limit, if so please quote the threshold limit above which ITR filing mandatory?
Replies (5)

In case of individuals below 60 years of age, 2.50 lakhs aggregate income....

Refer sec. 139(1) for more details...

sir,
if ones total income is exempted u/s 10(26)/10(26A) of income tax act n income crosses the threshold limit prescribed for the time being. is it mandatory to file ITR to disclose ones source of income.
regards

Not mandatory, but other parameters as per the referred section are required to be verified.

Above thresh hold you must file file IT return

If any one deduct TDS on your income Whether or not your income exceeds the thresh hold  you must file return to get back your TDS or to adjust tds with your total liability

 

thanks a lot for enlightening on irt

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