Every year brings some changes in tax forms, and sometimes if not often, some additional information to be filed. So, if I am regularly filing, I should know that before, so that I don’t get startled and don’t have it in my ‘ready list of documents and information’.
So the first of such new information pack is:
The Seventh Proviso to Section 139 (1) pack
Am I filing the return due (only due to) to any of the new tax filing conditions prescribed from the Assessment Year 2020-21 (for Financial Year 2019-20). So here I should tell which one or more of conditions I fall in:
Did I do deposits over a crore in banks/cooperative banks during the year
Didi I pay for foreign travel over Rs. 2 lakhs (for myself or anyone else) during the year
Did I spend on electricity over Rs.1 lakh during the year
(I also need to mention the amount under each category above I fall in)