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05/13/2022 9 Cases When It Is Mandatory To File Income Tax Return

Individual's total income is more than "Basic Exemption Limit".
Individual has any assets outside India or any account outside India Signing Authority.
If you have spent more than 2 lakhs for yourself or any other person on traveling in foreign country.
Deposit of more than 1 crore in one or more current accounts.
The expenditure on Electricity Consumption should be more than 1 lakh.
The turnover of the business should be more than 60 lakhs in the financial year.
The gross receipts of the profession should be more than 10 lakhs in the financial year.
The amount of TDS and TCS should be 25 thousand or more in the financial year (50 thousand in the case of senior citizens)
50 lakh or more deposited in one or more bank accounts.