Arun's gross total income of P.Y. 2024-25 is 2,45,000. He deposits - 45,000 in PPF. He pays electricity bills aggregating to 1.20 lakhs in the…

CA Intermediate · Taxation · MTP · May 2025
Arun's gross total income of P.Y. 2024-25 is 2,45,000. He deposits - 45,000 in PPF. He pays electricity bills aggregating to 1.20 lakhs in the P.Y.2024-25. Which of the statements is correct?
(A) Arun is not required to file his return of income u/s 139(1) for P.Y. 2024-25, since his total income before giving effect to deduction under section 80C does not exceed the basic exemption limit.
(B) Arun is not required to file his return of income u/s 139(1) for P.Y. 2024-25, since his electricity bills do not exceed - 2,00,000 for the P.Y.2024-25.
(C) Arun is not required to file his return of income u/s 139(1) for P.Y. 2024-25, since neither his total income before giving effect to deduction under section 80C exceeds the basic exemption limit nor his electricity bills exceed 2 lakh for the P.Y.2024-25.
(D) Arun is required to file his return of income u/s 139(1) for P.Y. 2024-25, since his electricity bills exceed 1 lakh for the P.Y.2024-25.

Suggested Answer and Working Notes:

Correct Answer: Option (D)

Arun is required to file his return of income u/s 139(1) for P.Y. 2024-25, since his electricity bills exceed 1 lakh for the P.Y.2024-25.

Topics: Paper 3B: Goods and Services Tax, Paper 3A: Income Tax Laws

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