Additional Conditions wherein Income Tax Return filing becomes mandatory:
- Total Turnover in the business exceeds INR 60 lakhs
- Total Receipts in a profession exceed INR 10 lakhs
- Aggregate tax deducted or collected at source (TDS/TCS) in case of any person is equal to or more than INR 25,000/- in a year
- Deposit in one or more savings bank account of the person, in aggregate, is equal to or more than INR 50 lakhs in a year
However in case the assessee is an individual resident in India who is of the age of sixty years or more at any time during the relevant year, the limit in point no. 3 above shall be increased to INR 50,000/-.