(1) The conditions required to be fulfilled in a tax year for the purposes of furnishing return of income in respect of a person other than a company or firm referred to in section 263(1)(a)(x), shall be the following: —

(a) if he has deposited an amount or aggregate of the amounts exceeding one crore rupees in one or more current accounts maintained with a banking company or a co-operative bank; or

(b) if he has incurred expenditure of an amount or aggregate of the amounts exceeding ₹ 200000 for himself or any other person for travel to a foreign country; or

(c) if he has incurred expenditure of an amount or aggregate of the amounts exceeding ₹ 100000 towards consumption of electricity; or

(d) if his total sales, turnover or gross receipts, as the case may be, in the business exceeds sixty lakh rupees; or

(e) if his total gross receipts in profession exceeds ten lakh rupees; or

(f) if the aggregate of tax deducted at source and tax collected at source, in the case of such person is ₹ 25000 or more, and in the case of individual resident of the age of sixty years or more, the amount shall be taken as ₹ 50000 or more; or

(g) if he has deposited in his one or more savings bank account, in aggregate, fifty lakh rupees or more.

(2) For the purposes of this rule, the expression ―travel to a foreign country‖ does not include travel to the neighbouring countries or to such places of pilgrimage as the Board may specify in this behalf, by notification.