while considering filing of return by an individual/huf/aop/boi , limit of 2.5/3/5 lakhs is considered... is it on Gross total income or taxable income(after deduction) limit?
Shriti Goyal (625 Points)
08 June 2019while considering filing of return by an individual/huf/aop/boi , limit of 2.5/3/5 lakhs is considered... is it on Gross total income or taxable income(after deduction) limit?
Manish
(Student)
(190 Points)
Replied 08 June 2019
Antrika Sinha
(student)
(315 Points)
Replied 08 June 2019
As per Sec. 139. (1) Every person,—
(a) being a company or a firm; or
(b) being a person other than a company or a firm, if his total income or the total income of any other person in respect of which he is assessable under this Act during the previous year exceeded the maximum amount which is not chargeable to income-tax, shall, on or before the due date, furnish a return of his income or the income of such other person during the previous year, in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed :
Sagar Parakh
(9 Points)
Replied 08 June 2019
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 09 June 2019
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