Daily Archives: July 7, 2019

File tax returns if you have foreign trips, high electricity bills

IT return

The government has made income tax return filing mandatory for high spenders even if their taxable income is below the threshold exemption limit of Rs 5 lakh. Those mandated to file returns include people spending more than Rs 2 lakh on a foreign trip or depositing Rs 1 crore in a year in a bank account or paying electricity bill ...

Read More »