You may have to file ITR even though your income might not be taxable

Even if your income is below the exemption limit, you will still have to furnish ITR

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A person will have to file ITR if his expenses on foreign travel have exceeded Rs 2 lakh during the fiscal year. This expenditure may have been incurred on himself or on ‘any person’

Bindisha Sarang

3 min read Last Updated : Aug 05 2020 | 11:52 PM IST

Even though the deadline for filing income-tax returns (ITRs) for 2019-20 has been extended till November 30, the tax filing season has begun in right earnest. Individuals with taxable income are required to file ITR within the specified due date.

But are you aware that the Finance Act, 2019, has made it mandatory for certain categories of taxpayers to file their ITR, even though their income may be below the taxable threshold?

Says Naveen Wadhwa, deputy general manager, Taxmann: “The government introduced these criteria, primarily to expand the country’s tax base.”

Foreign travel: A person will have to file ITR if their expenses

Topics : Income tax income tax returns Taxation Laws