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Saturday, July 06, 2019

Budget 2019-20- Compulsory INCOME Tax Filing Reintroduced

Budget 2019-20- Compulsory INCOME Tax Filing Reintroduced

Provision for compulsory filing of returns introduced again.

1. You have to do it if you have deposited Rs.1 one crore or more in bank accounts.

2. Have electricity bills above Rs. 1 lakh.

3. Incurred expenditure of more than Rs.2 lakh on foreign travel.


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