2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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60A
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26AS
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54C
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26A
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Detailed explanation-1: -The ITR-4 Sugam is one of the income tax returns forms. It is for those taxpayers who have opted for a presumptive income scheme. This scheme has been outlined in Section 44AD, Section 44AE, and Section 44ADA. Note, however, that if the business’s turnover exceeds ₹2 crores, the taxpayer needs to file ITR-3.
Detailed explanation-2: -Individuals residing in India with a total income of up to Rs 50 lakh are eligible. ITR-1 may be filed by someone who earns money from a job, a home, or other outlets. An NRI is unable to file an ITR-1. ITRs may be filed using Form 16 by salaried taxpayers.
Detailed explanation-3: -You need to fill the ITR-2 form if: You have an income from Salary / Pension. You earn income from more than one Property. You have any brought forward losses. You earn an income from Other Sources (including income from lotteries, racehorses, gambling, etc.)
Detailed explanation-4: -Who is eligible to file ITR-2 for AY 2021-22? Do not have income from profit and gains of business or profession and also do not have income from profits and gains of business or profession in the nature of: interest. salary.