[1][139. Return of income.

[2][(1) Every person,

(a) being a company [3][or a firm]; or

(b) being a person other than a company [4][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 exceeded the maximum amount which is not chargeable to income-tax,

shall, on or before the due date, furnish a return of his income or the income of such other person during the previous year, in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed :

Provided that a person referred to in clause (b), who is not required to furnish a return under thissub-section and residing in such area as may be specified by the Board in this behalf by notificationin the Official Gazette, and who [5][during the previous yearincurs an expenditure of fifty thousand rupees or more towards consumption of electricity or at any time during the previous year] fulfils any one of the followingconditions, namely :

(i) is in occupation of an immovable property exceeding a specified floor area, whether by way of ownership, tenancy or otherwise, as may be specified by the Board in this behalf; or

(ii) is the owner or the lessee of a motor vehicle other than a two-wheeled motor vehicle, whether having any detachable side car having extra wheel attached to such two-wheeled motor vehicle or not; or

[6][(iii) * * * *]

(iv) has incurred expenditure for himself or any other person on travel to any foreign country; or

(v) is the holder of a credit card, not being an add-on card, issued by any bank or institution; or

(vi) is a member of a club where entrance fee charged is twenty-five thousand rupees or more,