Conditions for furnishing return of income by persons referred to in clause (b) of sub-section (1) of section 139

Conditions for furnishing return of income by persons referred to in clause (b) of sub-section (1) of section 139 https://www.taxtmi.com/acts?id=40813 Specified persons must furnish an income-tax return when one or more quantitative thresholds are met during the previous year: business turnover exceeding the high-turnover threshold; professional gross receipts exceeding the professional threshold; aggregate tax deducted and collected meeting or exceeding the tax-threshold (with a higher threshold for resident senior individuals); or aggregate deposits in one or more savings bank accounts meeting or exceeding the deposit threshold. en-us Fri, 22 Apr 2022 12:37:43 +0530 Fri, 22 Apr 2022 12:37:43 +0530 TaxTMI RSS Generator Conditions for furnishing return of income by persons referred to in clause (b) of sub-section (1) of section 139 https://www.taxtmi.com/acts?id=40813 Specified persons must furnish an income-tax return when one or more quantitative thresholds are met during the previous year: business turnover exceeding the high-turnover threshold; professional gross receipts exceeding the professional threshold; aggregate tax deducted and collected meeting or exceeding the tax-threshold (with a higher threshold for resident senior individuals); or aggregate deposits in one or more savings bank accounts meeting or exceeding the deposit threshold. Act-Rules Income Tax Fri, 22 Apr 2022 12:37:43 +0530 https://www.taxtmi.com/acts?id=40813