Filing of form 61a

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Querist : Anonymous (Querist)
02 May 2018 Whether a person need to file form 61A of Income tax act 1961 in case his turnover is less than 2Cr for the FY 2017-18 but he is filing income tax U/s 44AB.

02 May 2018 yes, if he/she has received cash payment exceeding Rs. 2 lakh for sale, by any person, of goods or services of any nature. Refer https://www.incometaxindia.gov.in/Tutorials/40.%20Understanding%20AIR.pdf



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