<h1>New Tax Rules: File Returns for High-Value Transactions, Amendments to Section 139, and 2% TDS on Large Cash Withdrawals.</h1> The government mandates income tax return filing for individuals with high-value transactions, even if their taxable income is below Rs. 5 lakh. This includes those spending over Rs. 2 lakh on foreign trips, depositing over Rs. 1 crore in bank accounts, or paying electricity bills exceeding Rs. 1 lakh annually. Amendments to section 139 of the Income Tax Act require individuals claiming tax exemptions on long-term capital gains to file returns. Additionally, a 2% TDS will be levied on cash payments exceeding Rs. 1 crore from banks or post offices, effective September 1, 2019. These measures aim to reduce cash transactions and promote a less-cash economy.