Delhi High Court 6 month jail for not filing ITR | Know When to File Your Income Tax Return!

In a groundbreaking move, the Delhi High Court has ordered six-month jail term for a taxpayers failing to file their Income Tax Returns (ITR). Join us in this eye-opening session where we unravel the scenarios necessitating the filing of your ITR and those where it's prudent to do so.
We'll dive into the following mandatory filing cases:
Income surpasses the basic exemption limit.
Deposits exceed 1 crore in a current account.
Savings account deposits exceed 50 lakhs.
Electricity bills soar above 1 lakh.
Business sales cross 60 lakhs.
Professional receipts exceed 10 lakhs.
TDS deductions exceed 25,000 (50,000 for senior citizens above 60).
Residents holding US stocks.
Moreover, we'll explore when it's advisable to file your Income Tax Return:
Carrying forward losses.
Claiming TDS.
Reporting significant high-value transactions per AIS.
Stay informed, stay compliant. Tune in now!
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Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of TH-cam videos.
Copyright Disclosure - As per Sec 52 of The Copyright Act,1957 Fintaxpro Advisory LLP shared this video with a clear objective to educate the public at large and thus constitute the fair dealing with content for the purpose of reporting of current events and current affairs, including the reporting of a lecture delivered in public
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IncomeTax, ITR, TaxFiling, TaxLaw, DelhiHighCourt, TaxCompliance, TaxPayers, Taxation, TaxNews, LegalUpdates, LossCarryForward, TDS, HighValueTransactions, AIS, TaxTips, TaxPenalty, TaxAvoidance, TaxSeason, TaxAdvice, TaxRefund, TaxReturn, TaxDeadline, TaxPreparation, TaxConsultant, FinancialPlanning, TaxCode, TaxDeductions, TaxLiability, TaxReform, TaxStrategy, IncomeTaxAct

[@azizmirza8479]

Thanks from BAIG ITP

[@sanjibmuscat]

thanks ... very informative video

[@MrSoumik08]

Thanks

[@Abhisek01]

Thanks for the details

[@AnsarAhmad12111]

sir Crypto tax par bhi special video bana djiye

[@FinTaxPro]

Okay

[@Cutiepierokerz]

Bahut badiya sir... Verry nice❤

[@girirajdas1638]

sir agar apne papa se upi se 10 lakh se upar transaction kiya to kya hoga sir😢😢

[@dragonballz3040]

Sir 3B ki table 4 mai kuch update aae ha us par video bnaa dejeye

[@FinTaxPro]

Kya update h?

[@RealCricket-pb9xi]

Jail ay se kitne year baad hoti ha can you tell

[@afzounansari8339]

Sir AAP vlop bnana shuru kr dejeye

[@sikandarsah1891]

Bhaiya is it only applicable to Delhi state or another state also?

[@neerajnagshorts]

Sir main 3.5lakh ka itr file karta hu agar ab naa file karu toh kya hoga

[@FinTaxPro]

Glad to here :)

[@KapilKumar-p7w5i]

Meri business ki sell transaction sirf 25 lac thi to bhi mujhe non itr filling ka msg aaya tha why

[@FinTaxPro]

apke AIS m data hoga

[@KapilKumar-p7w5i]

@@FinTaxPro yes sir but aapne kaha ki 60 lac se zyada ki business transaction par itr bharni mandatory hai to 25 lac ki transaction par meri ais me e marked lagaakar feedback kyo maanga tha

[@vikaspratapsingh9431]

ITR ki koi limit nhi hai , its depend on your transaction ki itti transaction q ho rahi hai , agar income hai to detail digiye , aur saari detail 3 saal tak physicaly save kar k rakhna important hai@@KapilKumar-p7w5i

[@aishwarya761]

New regime mai threshold limit kya hai ?

[@mr.x1044]

3 Lakhs

[@FinTaxPro]

3 lakh

[@devindersethi14]

good