Tag Archives: section 1391 7th proviso of income tax act

7th proviso of section 139(1) Income Tax Act 1961 Mandatory ITR filing

By | March 30, 2026

7th proviso of section 139(1) Income tax act 1961 As per 7th Proviso of section 139(1) Income Tax Act 1961 ITR filing is mandatory even if Income is below basic exemption limit of Rs 4 Lakh in New regime and Rs 2.5 Lakh in old regime Here is the 7th proviso of Section 139 Income Tax… Read More »

Section 139 Income Tax Act 1961 Return of income

By | March 30, 2026

Section – 139, Income-tax Act, 1961 – FA, 2025 CHAPTER XIV PROCEDURE FOR ASSESSMENT Return of income.  139. 1[(1) Every person,- (a) being a company 2[or a firm]; or (b) being a person other than a company 2[or a firm], if his total income or the total income of any other person in respect of which he… Read More »