• Home
  • Current News
  • Columns
  • Judiciary
  • Know your law
  • Stories
  • International News
  • Taxation News
  • Voice of Women
  • Home
  • Current News
  • Columns
  • Judiciary
  • Know your law
  • Stories
  • International News
  • Taxation News
  • Voice of Women
Live Adalat
Facebook Twitter Instagram
  • Home
  • Current News
  • Columns
  • Judiciary
  • Know your law
  • Stories
  • International News
  • Taxation News
  • Voice of Women
Live Adalat
Home»Current News»CBDT notifies new ITR Filing Conditions on 21.04.2022 – Read Notification

CBDT notifies new ITR Filing Conditions on 21.04.2022 – Read Notification

0
By Akshay Sharma on April 22, 2022 Current News, Taxation News
Share
Facebook Twitter LinkedIn Pinterest Telegram WhatsApp

Central Board of Direct Taxes (CBDT) has released notification no 37/2022 dated 21.04.2022 in which it has notified conditions for furnishing Income Tax return by persons referred in section 139(1)(b) read with clause (iv) of 7th proviso of Income Tax Act.

CBDT via this notification has specified conditions for furnishing return of income which are during the previous year:

1. If the sales, turnover or gross receipts in the business exceeds sixty lakh rupees; or

2. If total gross receipts in profession exceeds ten lakh rupees; or

3. If the aggregated Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) is twenty five thousand or more; or

4. If the aggregated deposit in saving bank account (one or more accounts) is fifty lakh rupees or more provided that the case of an individual resident in India who is of the age of sixty years or more

Notification 37/2022

For our readers, kindly note that:

Section 139(1)(b) – This states that it applies to every person, other than a company or a firm, if his/her total income or of any other person for which he is assessable under the Income Tax Act, exceeds the maximum amount not chargeable to income tax during the previous year.

You can also check updates on New Income Tax Offline Utility filing

Click here to download notification
CBDT Central Board of Direct Taxes Income Tax Act Income Tax Returns ITR Live Adalat Notification Tax Deducted at Source Tax Patrika
Share. Facebook Twitter Pinterest LinkedIn Telegram WhatsApp
Previous ArticleWhat would happen if a Home Loan borrower dies?
Next Article PIL Seeking Nation-wide Ban On Halal Certified Products Filed In Supreme Court

Related Posts

Case filed against Bollywood biggies for promoting consumption of “Gutkha” and “Pan Masala”

May 21, 2022

NHRC issues Advisory to the Centre, States, UTs and High Courts to prevent impacts of Environmental Pollution

May 21, 2022

Place of Worship Act Not Applicable on Suit of Krishna Janmabhoomi-Shahi Idgah case: Mathura Court

May 21, 2022

Comments are closed.

The Live Adalat welcomes articles, blog posts and other forms of content. If you are interested in writing for us, joining us please write to us at adalatlive@gmail.com
Top judgements of March
https://liveadalat.com/wp-content/uploads/2022/03/WhatsApp-Video-2022-03-28-at-16.39.34.mp4
VIEW MORE VIDEOS
INTERESTING LEGAL FACTS
VIEW MORE VIDEOS

Participate in Live Adalat Legal Quiz

Facebook Twitter Instagram

Contact Us

Email : info@liveadalat.com

Subscribe Newsletter

© 2022 Liveadalat.com
  • Home
  • About Us
  • Terms

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?