Mandatory furnishing of return if high value transaction made

Last updated: 05 July 2019

Currently, a person other than a company or a firm is required to furnish the return of income only if his total income exceeds the maximum amount not chargeable to tax, subject to certain exceptions. Therefore, a person entering into certain high value transactions is not necessarily required to
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Community
  • Daily E-Newsletter
  • Unlimited News Access
  • Profile Visitors
  • Link Social Profiles
  • Featured Job Posts
  • Pro Badge
  • Expert GST Guidance
  • Unlimited Forum Replies
  • Download Content in PDF
BEST VALUE
2 YEAR PLAN
3,499
(Excl. of GST ₹629)
1 YEAR PLAN
1,999
(Excl. of GST ₹359)

3 MONTHS PLAN
999
(Excl of GST ₹179)
View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.



Guest

News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :

Recent News :

  1. Income from Other Sources Under Income Tax Act 2025: Key Rules, Taxable Incomes and Deductions
  2. GSTN Enables Appeals for NIL or Zero Demand Orders on GST Portal
  3. NCLT Chennai Dismisses EY's Rs 3.11 Crore GST Fee Plea, Says ICAI May Examine Arrangement
  4. ESOP Taxation Under Income Tax Act 2025: Rules for Employees and Start-Up Workers
  5. Advance Ruling Under Income Tax Act 2025: Eligibility, Form 120, Fees and Procedure
  6. Corporate Mitra Course Begins with 2,879 Learners in First Batch
  7. FEMA Amendment 2026: Inventory-Based E-Commerce Now Allowed for Indian Goods Exports
  8. Doctor Pays Rs 58 Crore in Tax on Rs 149 Crore Income, Sparks Debate Over Taxpayer Value
  9. Income from House Property Under Income Tax Act 2025
  10. ICAI President Highlights Financial Literacy, Digital Finance and Global Opportunities for CAs

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member S. AGARWAL & ASSOCIATESS. AGARWAL & ASSOCIATESPro Member R PrabhudossR PrabhudossPro Member Soumitra PatraSoumitra PatraPro Member Shameem ahmedShameem ahmedPro Member Akhilesh ChandraAkhilesh Chandra
Subscribe to Pro
Join an elite circle of professionals


Browse by Category



Latest Job Openings

View all
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 14 August 2026
Article Assistant

N J Suresh & Associates

Bengaluru

CA Inter

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details