{"id":280799,"date":"2019-07-08T05:18:58","date_gmt":"2019-07-08T05:18:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=280799"},"modified":"2019-07-08T05:18:58","modified_gmt":"2019-07-08T05:18:58","slug":"file-tax-returns-if-you-have-foreign-trips-steep-electricity-bills","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/file-tax-returns-if-you-have-foreign-trips-steep-electricity-bills\/","title":{"rendered":"File tax returns if you have foreign trips, steep electricity bills"},"content":{"rendered":"<p>New Delhi: The government has made income tax return filing mandatory for high spenders even if their taxable income is below the threshold exemption limit of \u20b95 lakh.<\/p>\n<p>Those mandated to file returns include people spending more than \u20b92 lakh on a foreign trip or depositing \u20b91 crore in a year in a bank account or paying electricity bill of more than \u20b91 lakh in a year.<\/p>\n<p>&#8220;Currently, a person other than a company or a firm is required to furnish the return of income only if his total income exceeds the maximum amount not chargeable to tax, subject to certain exceptions. Therefore, a person entering into certain high-value transactions is not necessarily required to furnish his return of income,&#8221; the Budget documents said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: The government has made income tax return filing mandatory for high spenders even if their taxable income is below the threshold exemption limit of \u20b95 lakh. Those mandated to file returns include people spending more than \u20b92 lakh on a foreign trip or depositing \u20b91 crore in a year in a bank account or paying electricity bill of more than \u20b91 lakh in a year. &#8220;Currently, a person other than a company or a firm is required to furnish the return of income only if his total income exceeds the maximum amount not chargeable to tax, subject to [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-280799","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/280799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=280799"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/280799\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=280799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=280799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=280799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}