The Central Board of Direct Taxes vide 21st April, 2022 has issued the Income-tax (Ninth Amendment)
Rules, 2022. A person other than a company or a firm, if his total income or the total income of any other person in respect of which he is assessable under this Act during the previous year exceeds following thresholds, shall furnish income tax returns :
(i) if his total sales, turnover or gross receipts, as the case may be, in the business exceeds sixty lakh
rupees during the previous year; or
(ii) if his total gross receipts in profession exceeds ten lakh rupees during the previous year; or
(iii) if the aggregate of tax deducted at source and tax collected at source during the previous year, in
the case of the person, is twenty-five thousand rupees or more; or
(iv) the deposit in one or more savings bank account of the person, in aggregate, is rupees fifty lakh or
more during the previous year