Now ITR filing mandatory if your TDS, TCS is Rs 25,000 or more in a financial year

The 7th proviso to Section 139 was inserted by the Finance Act, 2019, which provided for certain criteria which mandated the filing of income-tax returns even when the individual's income is less than the basic exemption limit. Now, vide Notification No. 37/2022, CBDT has notified a new Rule 12AB which prescribes additional conditions which mandate the filing of ITR despite the fact that income is below the basic exemption limit

from Tax-Wealth-Economic Times https://ift.tt/lZ0DoE5