Rule 163 — Conditions for furnishing return of income by…

Rule 163 lists the seven conditions, any one of which obliges a person other than a company or firm to file a return under section 263(1)(a)(x): current account deposits, foreign travel spending, electricity spending, business turnover, professional receipts, tax deducted or collected at source, and savings account deposits.

The conditions (sub-rule 1). A person other than a company or firm must file a return if in the tax year he:

(a) has deposited more than one crore rupees in one or more current accounts with a bank or co-operative bank;
(b) has incurred expenditure of more than Rs. 2,00,000 for himself or another person for travel to a foreign country;
(c) has incurred expenditure of more than Rs. 1,00,000 on electricity consumption;
(d) has total sales, turnover or gross receipts in business of more than sixty lakh rupees;
(e) has total gross receipts in profession of more than ten lakh rupees;
(f) has aggregate tax deducted and collected at source of Rs. 25,000 or more (Rs. 50,000 or more for a resident individual aged sixty years or more); or
(g) has deposited fifty lakh rupees or more in aggregate in one or more savings bank accounts.

Foreign travel (sub-rule 2). "Travel to a foreign country" does not include travel to neighbouring countries or to places of pilgrimage the Board specifies by notification.

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Conditions for furnishing return of income by persons other than a company or firm referred to in section 263(1)(a)(x)