ITR Procedure

Which of the following income sources can be reported using ITR-1?

• Income from a single house property

• Income from business or profession

• Income from more than one house property

• Income from Long Term Capital Gains exceeding Rs. 1,25,000

What is a mandatory prerequisite for filing ITR-1?

• Having a total income exceeding Rs. 50 lakhs

• Being a registered user on the e-filing portal with a valid user ID and password

• Having income from agriculture exceeding Rs. 5,000

• Being a non-resident individual

For Assessment Year 2025-26, what is the acceptable Aadhaar identification for ITR-1 filing?

• A 28-digit Aadhaar enrollment ID

• A 12-digit Aadhaar number

• Either a 28-digit Aadhaar enrollment ID or a 12-digit Aadhaar number

• A 16-digit virtual ID

For taxpayers claiming a deduction under Section 80GG (rent paid where HRA is not received), what is now mandatory for Assessment Year 2025-26?

• Electronically submit Form 16

• Electronically submit Form 10BA and enter its acknowledgment number in the ITR-1 form

• Provide a physical copy of the rent agreement

• Obtain a certificate from the landlord

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What is the default tax regime for an assessee who is an Individual or HUF, as per the Finance Act 2023?

• Old Tax Regime

• New Tax Regime

• Hybrid Tax Regime

• Capital Gains Tax Regime

What is a mandatory requirement for a bank account to receive a tax refund?

• It must be a dormant account.

• It must be pre-validated.

• It must be a joint account.

• It must be an international account.

Which of the following is NOT explicitly mentioned as a category for entering income details in the "Verify your income source details" section?

• Income from Salary

• Income from House Property

• Income from Business or Profession

• Income from other sources

Which form is mandatory to file before filing the return of income if claiming deductions under Section 80DD or 80U?

• Form 16

• Form 10BA

• Form 10IA

• Form 26AS