TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Kisan Credit Cardholders Exempt from Income Tax Return Filing u/s 139(1)(v) to Avoid Unnecessary Inconvenience.</h1> The circular addresses the applicability of section 139(1)(v) of the Income Tax Act concerning Kisan Credit Cardholders. It clarifies that individuals holding credit cards, excluding Kisan Credit Cards, are required to file income tax returns if residing in specified areas and not submitting returns under sub-section (1). The Board acknowledges that Kisan Credit Cards, issued based on land holdings, should not be subject to these provisions as agriculturists do not pay tax on agricultural income. Therefore, the requirement to file returns under this provision does not apply to Kisan Credit Cardholders to avoid unnecessary inconvenience.
TaxTMI 
TaxTMI 
