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Mandatory to file IT return??

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zishan mandli

203 Points Posted on 12 July 2020

if turnover exceed minimum gross total income as per the particular gst number then during certain financial year then its mandatory to file income tax return for that certain financial year??

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Quick Summary

This discussion clarifies whether exceeding a certain GST turnover automatically means you must file an Income Tax Return (ITR). The key takeaway is that the limits for GST registration and income tax filing are distinct. You are generally required to file an ITR if your gross total income exceeds the basic exemption limit set by the Income Tax Act, regardless of your GST turnover.