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ITR Disclosure AY 2020-21

Himanshu (Student CA Final )     18 August 2020

Student CA Final  
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whether it is compulsory to mention details regarding
*Expenditure on Foreign Travel>2 L , *Payment of Electricity > 1L ,
*Deposit of Cash in Current Account in Excess of 1 Cr
even when assessee is regularly filing ITRs and has taxable income.

confusion is that whether above mentioned details to be given compulsorily , if Assessee has income above taxable limits and is liable to file Return of Income



Sagar Patel (Tax and Business Consultant)     18 August 2020

Sagar Patel
Tax and Business Consultant 
 985 likes  11091 points

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Not required, if your income is above basis Exemption limit.

In ITR form "Are you filing return of income under Seventh proviso to section 139(1) but otherwise not required to furnish return of income?... select..NO"

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GNYANA UPANISHAD   22 August 2020


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The thing is if an assesee is not req to file return then check these additional conditions . if any of those conditions satisfied then file it other wise no. if assesee Gti crosses basic exemption limit you need not check them.

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