https://www.taxtmi.com/manuals?id=4032 Filing an income-tax return is mandatory when an individual's gross income exceeds the exemption limit or when specified transactional or receipt thresholds are met; returns must be filed even where advance taxes have been paid. Reporting advance taxes through the return constitutes statutory self-assessment, allows reconciliation with Form 26AS and third party records, and enables refund claims. Failure to file attracts penalty. Administrative notifications have expanded the categories of persons required to file by prescribing additional deposit, receipt, turnover and tax deduction conditions. en-us Fri, 22 Dec 2023 16:46:00 +0530 Fri, 05 Jan 2024 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4032 Filing an income-tax return is mandatory when an individual's gross income exceeds the exemption limit or when specified transactional or receipt thresholds are met; returns must be filed even where advance taxes have been paid. Reporting advance taxes through the return constitutes statutory self-assessment, allows reconciliation with Form 26AS and third party records, and enables refund claims. Failure to file attracts penalty. Administrative notifications have expanded the categories of persons required to file by prescribing additional deposit, receipt, turnover and tax deduction conditions. Manuals Income Tax Fri, 22 Dec 2023 16:46:00 +0530 https://www.taxtmi.com/manuals?id=4032