What is 7th proviso of 139(1)
SUDHIR VYAS (17 Points)
02 June 2020
please clarify the 7th proviso of 139(1)
1 Replies
CA Raj Doshi
(Practising CA)
(8944 Points)
Replied 02 June 2020
The seventh proviso of section 139(1) covers those individuals - (a) who have deposited more than Rs 1 crore in one or more current accounts in the FY 2019-20, (b) who have spent more than Rs 2 lakh on foreign travel on him/herself or any other person and (c) those who have paid more than Rs 1 lakh as electricity bill in FY 2019-20.
Recent Topics
- Form16 shows investments as done - But I will go b
- Composition Gst cANCELLED NY DEPARTMENT DUE TO NON
- ITR 2 Online filing
- GST 10 Option not showing in portal
- Applicability of Public Trust Registration for 12A
- GST input for the business service
- Account type error
- I am 35 What to do
- GSTR-3B Sales and Tax Liability Correction
- Full Exemption on Capital gain
Related Threads
Trending Online Classes
CAclubindia
