If your total deposits in the savings bank account are Rs 50 lakh or more.If your gross professional receipts are above Rs 10 lakh.If your total business turnover is above Rs 60 lakh.If you have beneficial interests or signing authority in foreign countries.If you have incurred electricity expenditure of Rs 1 lakh or more.If you have incurred expenditure on foreign travel of Rs 2 lakh or more.If you have deposited more than Rs1 crore in all of your current accounts.ITR filing becomes a must even if your income is below the basic exemption limit if the below-mentioned conditions are met: You will also receive a Transaction ID and Acknowledgement Receipt Number.E-filing of income tax returns is mandatory if your income is above the basic exemption limit. You will receive a success message on your screen after the completion of the e-verification process.
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