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Seventh proviso to section 139(1)

557 views 1 replies

Hello Sir,

I am trying to file AY 20 21 return with ITR1 for Pension income. Found the below Entry now.  I think this should be NO since am filing my return regularly for only pension amount and did not do any of the below mentioned transactions.

Are you filing return of income under seventh proviso to section 139(1) but otherwise not requuired to furnish return of income? [Note: To be filled only if a persion is not required to furnish a return of income under section 139(1) but filing return of income due to fufilling one or more conditions mentioned in the seventh proviso to section 139(1)]
 

Please clarify

Thanks

Palani

Replies (1)
Answer is ""NO"" if your income is more than 2, 50,000 (i.e above basis Exemption limit)

As if income is above basic Exemption limit than you are person required to furnish a return of income under section 139(1). So, Answer is NO


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