Mr. D, a resident in India, has gross total income of ₹ 2,30,000 comprising of interest on saving A/c and rental income during the previous year 2023-24. He incurred expenditure of ₹ 2,00,000 for his son for a study tour

CS Executive · Tax Laws · PYQS · June 2024
Mr. D, a resident in India, has gross total income of ₹ 2,30,000 comprising of interest on saving A/c and rental income during the previous year 2023-24. He incurred expenditure of ₹ 2,00,000 for his son for a study tour to Europe. Whether he is required to file return of income for the assessment year 2024-25? If yes, what is the due date ?
(A) Yes, 31st July of A.Y.
(B) Yes, 30th September of A.Y.
(C) Yes, 31st October of A.Y.
(D) No, he is not required to file return of income

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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