Income tax quiz

Which form is used for filing Income Tax Return (ITR) by individuals and Hindu Undivided Families (HUF) having income from salary, one house property, other sources, and agricultural income less than Rs. 5,000 ?

• ITR-1 (Sahaj)

• b) ITR-2

• c) ITR-3

• d) ITR-4 (Sugam)

Which ITR form is applicable to individuals and HUFs having income from business or profession?

• TR-1 (Sahaj)

• b) ITR-2

• c) ITR-3

• d) ITR-4 (Sugam)

What is the purpose of ITR-2 form?

• For individuals and HUFs with income from business or profession

• For individuals and HUFs with income from salary, house property, and other sources

• For individuals and HUFs having income from capital gains

• For individuals and HUFs with presumptive income from business

Who is eligible to file ITR-3 ?

• Individuals and HUFs with income from salary

• Individuals and HUFs with income from capital gains

• Individuals and HUFs with income from business or profession

• Individuals and HUFs with income from other sources

Which ITR form is used for presumptive income from business and profession under Section 44AD, 44ADA, and 44AE?

• ITR-1 (Sahaj)

• ITR-2

• ITR-3

• ITR-4 (Sugam)

Who should file ITR-4 (Sugam)?

• Individuals and HUFs with income from business or profession

• Individuals and HUFs with income from salary and house property

• Individuals and HUFs with income from capital gains

• Individuals and HUFs with presumptive income from business

Which ITR form is applicable to companies?

• ITR-1 (Sahaj)

• ITR-2

• ITR-3

• ITR-6

When is the due date for filing Income Tax Return for individuals and HUFs not subject to tax audit?

• 30th June

• 31st July

• 30th September

• 31st October

What is the penalty for late filing of Income Tax Return?

• Rs. 1,000

• Rs. 5,000

• Rs. 10,000

• It depends on the income

Which ITR form is suitable for a person with income from salary, one house property, and other sources, excluding income from business or profession?

• ITR-1

• ITR-2

• ITR-3

• ITR-4