Annual return limit
Sunil Nahata (90 Points)
18 October 2024Sunil Nahata (90 Points)
18 October 2024
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5179 Points)
Replied 18 October 2024
Here are some common exemption limits: - Under the Companies Act, 2013: -
- Individuals (income < ₹2.5 lakh): exempt from filing income tax return (ITR) -
Taxpayers with turnover < ₹5 cr: can file a simplified annual return (Form GSTR-9A)
Please note that these exemption limits are subject to change, and additional conditions may apply.