https://www.taxtmi.com/notifications?id=138133 Rule 12AB prescribes conditions for furnishing return of income by persons described in clause (b) of sub section (1) of section 139, listing four alternative triggers: business sales/turnover/gross receipts, professional gross receipts, aggregate tax deducted at source plus tax collected at source, and aggregate deposits in one or more savings bank accounts during the previous year; it also provides a higher threshold for the tax deduction/collection criterion for resident individuals aged sixty years or more. The Rules are titled Income tax (Ninth Amendment) Rules, 2022 and commence on publication in the Official Gazette. en-us Thu, 21 Apr 2022 00:00:00 +0530 Fri, 22 Apr 2022 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=138133 Rule 12AB prescribes conditions for furnishing return of income by persons described in clause (b) of sub section (1) of section 139, listing four alternative triggers: business sales/turnover/gross receipts, professional gross receipts, aggregate tax deducted at source plus tax collected at source, and aggregate deposits in one or more savings bank accounts during the previous year; it also provides a higher threshold for the tax deduction/collection criterion for resident individuals aged sixty years or more. The Rules are titled Income tax (Ninth Amendment) Rules, 2022 and commence on publication in the Official Gazette. Notifications Income Tax Thu, 21 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/notifications?id=138133