ITR Filing is Mandatory in 10 Situations.

 *ITR Filing is Mandatory in 10 Situations.*

1. If your total income exceeds the *basic exemption limit* of Rs. 2,50,000/-.


2. If you have *assets* outside India.


3 If you deposit more than *Rs .1 crore* in a bank account.


4. If you incur *Rs. 2 lakh* on *foreign travel.*


5. If your *electricity Consumption* is *Rs. 1 lakh* per annum. 


6. If *Turnover* of your business is more than *Rs. 60 lakh* in a year. 


7. If *Gross Receipt* from Profession is more than *Rs. 10 lakh.*


8. If *TDS* is Rs. *25,000* or more


9. If *TCS* is *Rs. 50,000* or more.

 

10. If deposit in a *saving bank account* is *Rs.50 lakh* or more


Last date for filing ITR is 31-07-2022.


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