A new section 194M has been introduced with effect from September 1, 2019, in respect of payment made to any resident in a financial year for an amount exceeding Rs 50, 00,000. This section is applicable whether the payment...
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It is mandatory for all individuals to file Income Tax Return (ITR) where his total income exceeds the maximum amount that is not chargeable to Tax ie, if it exceeds Rs.2,50,000 in the FY 2018-19. This limit is Rs...