1. During AY 2025-26, 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 2025-26. Now, while filing return of income for AY 2026-27, Mr A wishes to set-off the said loss during AY 2026-27. Determine whether Mr A can claim the said set-off?

2. Mr Kapoor is a partner in Sai baba Enterprises. The turnover of the firm for FY 2025-26 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 2025-26?

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5. Arun’s GTI of PY 2025-26 is ₹ 2,45,000. He deposits ₹ 45,000 in PPF. He pays electricity bills aggregating to ₹ 1.20 lakhs in PY 2025-26. Which of the statements is correct?

6. 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?

7. Mr Laxman, born on 1.4.1966, has a gross total income of ₹ 2,85,000 for AY 2026-27 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 2026 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 2026-27, and if so, why?

8. Mr Raja, a proprietor, commenced operation of the business of a new three star hotel in Mumbai on 1.7.2025. He had made a total investment of ₹ 7.58 crores till 30.6.2025. 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 2025-26 is ₹ 50 lakhs before claiming deduction u/s 35AD. He wants to file his income-tax return on 12.12.2026. How much deduction Mr Raja can claim for AY 2026-27 and the losses which he can carry forward to AY 2027-28?

9. During AY 2026-27, 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 2026-27 on 31.12.2026. Determine the total income of Mr Kabir for AY 2026-27 and the amount of loss which can be carried forward in a manner most beneficial to him.

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