According to proviso to section 139(1) of Income Tax Act, it is obligatory to file Income Tax Return even when the total income is below the taxable limit when assessee possess a specified floor area of immovable property in his own name during the Assessment Year.
What is the specified floor area for the purpose of proviso to sec.139(1) in Serampore city, Hooghly district, West Bengal ?
Is it necessary to file return in case a person possess a flat of lower area ?
Menu
Return filing for Flat Owner.
Replies (2)
Section 139(1) of the income tax act 1961 contains details with respect to the due dates of filing of tax returns. There is no specific clause based on possessing any area of immovable property. Simply to say, its based on catagory of assessee to file return on specific date. It you have taxable income above maximum exempt limit, file ITR before the due date.
I dont connect with what you say, I dont recall any such rule, please enlighten if me wrong.
Recent Threads
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
- About CMP-08
- RCM List on GST
Related Threads
CAclubindia
