Mandatory Filing of Income Tax Returns from AY 2020-21 in certain cases

From AY 2020-21, An Assessee is required to file his Income Tax Return (ITR) in certain cases even if his Gross Total Income (GTI) doesn’t exceed the threshold limit : 

If an assessee has :

1. Deposited more than Rs. 1 crore in current accounts in a financial year.
2. Expenditure incurred Rs. 2 Lakhs or more on foreign travel in a financial year.
3. Electricity Bill incurs Rs. 1 Lakh or more in a financial year.

AY 2020-21 से ITR फ़ाइल करना mandatory है (अगर आपका Gross Total Income – threshold limit i.e. रु 2,50,000 से कम है तो भी) अगर आपने पिछले financial year में :

1. अपने सभी Current Accounts में  रु 1 करोड़ से ज्यादा Amount जमा (Deposit) किया है I
2. अपने विदेश यात्रा पर रु 2 लाख या ज्यादा खर्च किया है I
3. रु 1 लाख या ज्यादा बिजली बिल  Pay किया है I

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