Income Tax Law
Income-tax Rules, 2026
Rule 163Conditions for furnishing return of income by persons other than a company or firm referred to in section 263(1)(a)(x)
Income-tax Rules, 2026 · G.S.R. 198(E), dated 20-03-2026
(1)The conditions required to be fulfilled in a tax year for the purposes of furnishing return of income in respect of a person other than a company or firm referred to in section 263(1)(a)(x), shall be the following :—
(a)if he has deposited an amount or aggregate of the amounts exceeding one crore rupees in one or more current accounts maintained with a banking company or a co-operative bank; or
(b)if he has incurred expenditure of an amount or aggregate of the amounts exceeding ₹ 200000 for himself or any other person for travel to a foreign country; or
(c)if he has incurred expenditure of an amount or aggregate of the amounts exceeding ₹ 100000 towards consumption of electricity; or
(d)if his total sales, turnover or gross receipts, as the case may be, in the business exceeds sixty lakh rupees; or
(e)if his total gross receipts in profession exceeds ten lakh rupees; or
(f)if the aggregate of tax deducted at source and tax collected at source, in the case of such person is ₹ 25000 or more, and in the case of individual resident of the age of sixty years or more, the amount shall be taken as ₹ 50000 or more; or
(g)if he has deposited in his one or more savings bank account, in aggregate, fifty lakh rupees or more.
(2)For the purposes of this rule, the expression "travel to a foreign country" does not include travel to the neighbouring countries or to such places of pilgrimage as the Board may specify in this behalf, by notification.