Rule 86 B -Income tax conditions

Rule 86 B ke liye, Income tax kisi ek saal ka dekhna hai ya dono saal 1 lakh se upar pay hona chahiye, aur ye income tax paid hai ya payable means..advance tax, tds, aur I.Tax combine agar 1 lakh ke upar ja raha hai to ..plz explain
Replies (3)
Quick Summary
Rule 86B relates to income tax conditions. It clarifies that your taxable income must be over £1 lakh in the preceding two financial years to avoid this rule. This includes income tax paid or payable, such as advance tax, TDS, and the total income tax combined.

Maintain language decorum.
Your Taxable Income should be more than Rs. 1 lakhs in the preceding "TWO FINANCIAL YEAR."

Matlab agar apne pichle 2 saal pe Rs. 1 lakhs ya usse jayda Income Tax pay kia ho toh apko Rule 86B follow nahi karna parega.
What about tax payable

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details