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Topic - Filling Of Return Of Income (Section 139 & 140)
1. Mr Y has a total income of ₹ 4,50,000 for AY 2025-26. He furnishes his return of income for AY 2025-26 on 2nd December 2025. He is liable to pay fee of:
a) ₹ 1,000 u/s 234F
b) ₹ 5,000 u/s 234F
c) ₹ 10,000 u/s 234F
d) Not liable to pay any fee
None
2. Mr Z, a salaried individual, has a total income of ₹ 8L for AY 2025-26. He furnishes his return of income for AY 2025-26 on 28th August 2025. He is liable to pay fee of:
a) ₹ 1,000 u/s 234F
b) ₹ 5,000 u/s 234F
c) ₹ 10,000 u/s 234F
d) Not liable to pay any fee
None
3.
a) Only (i)
b) Only (i) and (ii)
c) Only (i) and (iii)
d) (i), (ii) and (iii)
None
4. During AY 2024-25, Mr A has a loss of ₹ 8 lakhs u/h ‘income from house property’ which could not be set-off from any other head of income as per the provisions of Section 71. The due date for filing return of income u/s 139(1) in case of Mr A has already expired and Mr A forgot to file his return of income within the said due date. However, Mr A filed his belated return of income for AY 2024-25. Now, while filing return of income for AY 2025-26, Mr A wishes to set-off the said loss during AY 2025-26. Determine whether Mr A can claim the said set-off?
a) No, Mr A cannot claim set-off of loss of ₹ 8L during AY 2025-26 as he failed to file his return of income u/s 139(1) for AY 2024-25.
b) Yes, Mr A can claim set-off of loss of ₹ 2L, out of ₹ 8L, from its income from house property during AY 2025-26, if any, and the balance has to be carried forward to AY 2026-27.
c) Yes, Mr A can claim set-off of loss of ₹ 2L, out of ₹ 8L, from its income from any head during AY 2025-26 and the balance, if any, has to be carried forward to AY 2026-27.
d) Yes, Mr A can claim set-off of loss of ₹ 8L during AY 2025-26 from its income from house property, if any, and the balance has to be carried forward to AY 2026-27.
None
5. Mr Kapoor is a partner in Sai baba Enterprises. The turnover of the firm for FY 2024-25 amounted to ₹ 1,96,00,000. The firm has declared income @ 8% on presumptive basis u/s 44AD of the Act. Apart from remuneration, interest and share of profit from the firm of ₹ 30 lakhs, Mr Kapoor is not having any other source of income. What will be the due date of filing of return of income by the partnership firm and by Mr Kapoor for PY 2024-25?
a) Due date of filing ITR by the partnership firm shall be 31.10.2025 and due date of filing ITR by Mr Kapoor shall be 31.10.2025.
b) Due date of filing ITR by the partnership firm shall be 31.10.2025 and due date of filing ITR by Mr Kapoor shall be 31.07.2025.
c) Due date of filing ITR by the partnership firm shall be 31.07.2025 and due date of filing ITR by Mr Kapoor shall be 31.07.2025.
d) Due date of filing ITR by the partnership firm shall be 31.07.2025 and due date of filing ITR by Mr Kapoor shall be 31.10.2025.
None
6.
a) I or II or III
b) Only I
c) I or II
d) Only III
None
7.
a) II, IV
b) II, III, IV
c) I, II, III, V, VI
d) II, IV, VI
None
8. Arun’s GTI of PY 2024-25 is ₹ 2,45,000. He deposits ₹ 45,000 in PPF. He pays electricity bills aggregating to ₹ 1.20 lakhs in PY 2024-25. Which of the statements is correct?
a) Arun is not required to file his return of income u/s 139(1) for PY 2024-25, since his total income before giving effect to deduction u/s 80C does not exceed the basic exemption limit.
b) Arun is not required to file his return of income u/s 139(1) for PY 2024-25, since his electricity bills do not exceed ₹ 2,00,000 for PY 2024-25.
c) Arun is not required to file his return of income u/s 139(1) for PY 2024-25, since neither his total income before giving effect to deduction u/s 80C exceeds the basic exemption limit nor his electricity bills exceed ₹ 2 lakh for PY 2024-25.
d) Arun is required to file his return of income u/s 139(1) for PY 2024-25, since his electricity bills exceed ₹ 1 lakh for PY 2024-25.
None
9. Mr Dinesh, a resident in India, has gross total income of ₹ 2,30,000 comprising of interest on saving A/c and rental income during PY 2024-25. He incurred expenditure of ₹ 2,00,000 for his son for a study tour to Europe. Whether he is required to file return for AY 2025-26? If yes, what is the due date?
a) Yes, 31st July of AY
b) Yes, 30th September of AY
c) Yes, 31st October of AY
d) No, he is not required to file return of income
None
10. Mr X is a working partner and Mr Y is a non-working partner of XYZ partnership firm. XYZ Partnership firm subjected to tax audit u/s 44AB for PY 2024-25. What is the due date for filing return of income for Mr X and Mr Y for AY 2025-26?
a) 31st July 2025 for both Mr X and Mr Y
b) 31st October 2025 for both Mr X and Mr Y
c) 31st July 2025 for Mr X and 31st October 2025 for Mr Y
d) 31st July 2025 for Mr Y and 31st October 2025 for Mr X
None
11. Mr Kumar, aged 62 years resident and ordinarily resident, is a retired employee with a monthly pension of ₹ 15,000. He has no other source of income. He has a house property in Bhatinda and his only son is living in London and has a house over there. He met with an accident and died and thereby leaving the house at London in the name of his father, Mr Kumar. Mr Kumar seeks your advice, as to whether he is required to file his income-tax return u/s 139?
a) Yes, he is mandatorily required to file his income-tax return as he is a ROR in India and has asset located outside India
b) No, he is not required to file return of income as his income is below basic exemption limit
c) Yes, he is required to file his return of income as his income exceeds basic exemption limit
d) No, he is not required to file his return of income as he is a senior citizen and retired employee
None
12. Mr Laxman, born on 1.4.1965, has a gross total income of ₹ 2,85,000 for AY 2025-26 comprising of his salary income. He does not claim any deduction under Chapter VI -A. He pays electricity bills of ₹ 10,000 per month. He made a visit to Canada along with his wife for a month in January 2025 for which he incurred to and for flight charges of ₹ 1.20 lakhs. The remaining expenditure for his visa, stay and sightseeing amounting to ₹ 70,000 was met by his son residing in Canada. Is Mr Laxman required to file return of income for AY 2025-26, and if so, why?
a) No, Laxman is not required to file his return of income.
b) Yes, Laxman is required to file his return of income, since his gross total income/total income exceeds the basic exemption limit.
c) Yes, Laxman is required to file his return of income since he pays electricity bills of ₹ 10,000 per month, which exceeds the prescribed annual threshold
d) Yes, Laxman is required to file his return of income since he has incurred foreign travel expenditure exceeding ₹ 1 lakh
None
13. Mr Raja, a proprietor, commenced operation of the business of a new three star hotel in Mumbai on 1.7.2024. He had made a total investment of ₹ 7.58 crores till 30.6.2024. Out of total investment of ₹ 7.58 crores, ₹ 1.58 crores was used for purchase of land, ₹ 4.70 crores was used for constructing hotel and balance of ₹ 1.30 used for purchasing furniture. He wants to avail the benefit of deduction u/s 35AD as he satisfied with all the conditions prescribed u/s 35AD. His profit and gains from the business for PY 2024-25 is ₹ 50 lakhs before claiming deduction u/s 35AD. He wants to file his income-tax return on 12.12.2025. How much deduction Mr Raja can claim for AY 2025-26 and the losses which he can carry forward to AY 2026-27?
a) He can claim the deduction of ₹ 7.58 crores from his business income but he would not be able to carry forward the business loss of ₹ 7.08 crores.
b) He can claim the deduction of ₹ 6.00 crores from his business income and can carry forward the business loss of ₹ 5.50 crores.
c) He can claim the deduction of ₹ 6.00 crores from his business income but cannot carry forward the business loss of ₹ 5.50 crores.
d) He can claim the deduction of ₹7.58 crores from his business income and can carry forward the business loss of ₹ 7.08 crores.
None
14. During AY 2025-26, Mr Kabir has a loss of ₹ 6 lakhs under the head “Income from house property”, loss of ₹ 5 lakhs from business/profession and income of ₹ 3 lakhs from long term capital gains. He filed his return of income for AY 2025-26 on 31.12.2025. Determine the total income of Mr Kabir for AY 2025-26 and the amount of loss which can be carried forward in a manner most beneficial to him.
a) Total income Nil; loss of ₹ 4,00,000 from house property and loss of ₹ 4,00,000 from business or profession.
b) Total income ₹ 1,00,000; loss of ₹ 4,00,000 from house property.
c) Total income Nil; No loss is allowed to be carried forward.
d) Total income Nil; loss of ₹ 6,00,000 from house property.
None
15.
a) ₹ 1,05,000
b) ₹ 30,000
c) ₹ 2,87,000
d) Nil
None
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