Ravi SADhiyan (Practice) (4510 Points)
03 March 2020Whether Farmer required to file return in case he Paid Electricity bill more than Rs. 100,000/- for the A.Y. 20-21
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177840 Points)
Replied 03 March 2020
Yes.
As per SEVENTH proviso to sub-section (1) of Section 139 by the Act No. 23 of 2019, w.e.f. 1-4-2020 :
Provided also that a person referred to in clause (b), who is not required to furnish a return under this sub-section, and who during the previous year—
(i) has deposited an amount or aggregate of the amounts exceeding one crore rupees in one or more current accounts maintained with a banking company or a co-operative bank; or
(ii) has incurred expenditure of an amount or aggregate of the amounts exceeding two lakh rupees for himself or any other person for travel to a foreign country; or
(iii) has incurred expenditure of an amount or aggregate of the amounts exceeding one lakh rupees towards consumption of electricity; or
(iv) fulfills such other conditions as may be prescribed,
shall furnish a return of his income on or before the due date in such form and verified in such manner and setting forth such other particulars, as may be prescribed.
Kapadia Pravin
(17259 Points)
Replied 04 March 2020
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