Assessess taxable income below rs:5 lacs and agriculture income rs:5 lacs above
Question:
Assessess itr returns filed optional or mandatory f.y.23-24
You need to file your ITR as your Total Income is exceeding the basic exemption limit.
If an assessee's taxable income is below ₹5 lakh but it has an agricultural income of above ₹5 lakh, then filing an income tax return (ITR) becomes required for FY 2023–24 if the agricultural income is required to be regarded for rate intentions.
If an assessee's taxable income is below ₹5 lakh but it has an agricultural income of above ₹5 lakh, then filing an income tax return (ITR) becomes required for FY 2023–24 if the agricultural income is required to be regarded for rate intentions.
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