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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