The seventh proviso to section 139(1) provides for furnishing of return by a person referred to in clause (b) of the said sub-section (1), who is not required to furnish a return under the said sub-section, if such person has undertaken the following high value transactions during the previous year —
1. Deposit of Rs. 1 crore or more in current accounts:
2. Expenditure on foreign travel for more than Rs. 2 Lakh:
3. Expenditure on the consumption of electricity for more than Rs. 1 Lakh:
We will try to discuss the above provision in short in this video please comment if you have any query .
You can reach out to us:
Twitter: Puneetasija1
Number : 9462079898
Mail : asijabrothers09@gmail.com
FB: CA Puneet Asija / Edulearn 26
Thank you...
Category
Show more
Comments - 8
Related videos for Mandatory Filing of ITR even though when Total Income is Below the exemption Limit :