It is always advisable to file ITR even if the person is not mandatorily required to file the ITR according to the Income Tax Act. If the total of TDS and TCS is Rs 25,000 or more(Rs 50,000 or more in case of senior citizens).If your total deposits in the savings bank account are Rs 50 lakh or more.If your gross professional receipts are above Rs 10 lakh.If your total business turnover is above Rs 60 lakh.If you have beneficial interests or signing authority in foreign countries.If you have incurred electricity expenditure of Rs 1 lakh or more.If you have incurred expenditure on foreign travel of Rs 2 lakh or more.If you have deposited more than Rs1 crore in all of your current accounts.ITR filing becomes a must even if your income is below the basic exemption limit if the below-mentioned conditions are met: E-filing of income tax returns is mandatory if your income is above the basic exemption limit.
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