Income Tax Return Filing for FY21-22 (AY22-23) is Mandatory in 10 Situations list Below

1. If your total income exceeds the basic exemption limit of Rs. 2,50,000/-.

2. If you have assets outside India.

3 If you deposit more than Rs .1 crore in a bank account.

4. If you incur Rs. 2 lakh on foreign travel.

5. If your electricity Consumption is Rs. 1 lakh per annum.

6. If the Turnover of your business is more than Rs. 60 lakh in a year.

7. If Gross Receipt from Profession is more than Rs. 10 lakh.

8. If TDS is Rs. 25,000 or more

9. If TCS is Rs. 50,000 or more.

10. If the deposit in a saving bank account is Rs.50 lakh or more

Please Note: The last date for filing ITR is 31-07-2022

Category: caponneri

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