State with brief reasons as per provisions of the Income-tax Act, 1961, whether the return of income is required to be filed in each of the following independent cases for the Assessment Year 2019-20: (ii) A registered a

Yes, the institution is required to file return in the instant case. As per section 139(4C) of the Income Tax Act, 1961, every institution referred to, inter alia, in section 10(23B), whose total income without giving effect to the provisions of section 10 exceeds the maximum amount not chargeable to tax, is required to furnish the return of income for the relevant assessment year on or before the due date. In the above case, the registered association has income from house property of ₹3,60,000 before exemption under section 10, which exceeds the basic exemption limit of ₹2,50,000. Therefore, he is under an obligation to furnish its return of income for the A.Y. 2019-20.