ITR Filing Requirements:

For Companies:

All companies, including foreign companies operating in India (whether profit-making or not), are required to file an ITR, regardless of their income. 

For Individuals:

An individual is required to file an ITR only if their annual income exceeds ₹3 lakh (Basic Exemption Limit) 

Exceptions: Even if an individual's income is below the limit, they may still be required to file if:

1. • • Annual Sales above ₹60 lakhs  

     • Professional income above ₹10 lakh 

     • Saving Account Deposits of more than ₹50 Lakhs

     • Current Account Deposits of more than ₹1 Crore 

     • TDS/TCS exceeding ₹25,000 

     • Electricity Bill Exceeding ₹1 Lakh