KYA apko ITR file karna Mandatory hai? #itrfiling #itrreturn #taxsavingtips #shortsfeed #easytax

Think your income is below the taxable limit so you don't need to file? You might be breaking the law without realizing it! 🚨

Welcome to Day 2 of our 30-Day ITR Series! Yesterday, we discussed why filing a NIL return is a smart move. Today, we are looking at the strict rules where the government says you MUST file an ITR, regardless of how much you earn.
Under Section 139(1) of the Income Tax Act, filing an ITR is completely mandatory if you hit ANY of these triggers during the financial year:
🏦 Current Accounts: Total deposits exceed ₹1 Crore.
💰 Savings Accounts: Total deposits exceed ₹50 Lakh.
✈️ Foreign Travel: You spent more than ₹2 Lakh on overseas travel.
⚡ Electricity Bills: Your aggregate electricity bill payments crossed ₹1 Lakh.
🏬 Business Owners: Total sales, turnover, or gross receipts exceed ₹60 Lakh
👩‍💻Professionals: Gross receipts from your profession exceed ₹10 Lakh
✂️ TDS/TCS: Total tax deducted or collected is more than ₹25,000 (or ₹50,000 if you are a Senior Citizen).

Failing to file when you meet these criteria can trigger tax notices and hefty penalties. Don't let a high electricity bill or a big trip catch you off guard! ⚠️

📌 Save this checklist to cross-reference with your expenses this year, and SHARE this crucial update with your network—you might just save someone from a tax notice!

Are you tracking these expenses? Let me know in the comments! 👇
Stay tuned for Day 3 and make sure you are following @financewithnikitaa for daily tax simplification! ✨

#MandatoryITR #TaxFiling #IncomeTaxIndia #FinanceWithNikitaa #TaxTips #ITRSeries #PersonalFinance #Day2 #TaxSeason2026 #Section139 #TaxAwareness

Видео KYA apko ITR file karna Mandatory hai? #itrfiling #itrreturn #taxsavingtips #shortsfeed #easytax канала CA Nikita Jain