In the following independent cases, state whether the assessee is required to file an Income Tax Return for Assessment Year 2026-27. Give reasons in…

In the following independent cases, state whether the assessee is required to file an Income Tax Return for Assessment Year 2026-27. Give reasons in support of your answer. (i) Mr. Dhruv, aged 62 years, having interest from fixed deposits amounting to 2,70,000. The TDS deducted on his fixed deposit interest by the bank amounts to 26,000. No other tax was deducted or collected at source. He also made a cash deposit of 10,00,000 in his savings bank account, but the total deposits in his savings bank account (including the cash deposit and other credits) aggregated to 48,00,000. (assuming he has opted out of default tax regime). (ii) Dr. Nirav (aged 50 years) is a renowned heart surgeon practicing as a sole proprietor. His gross receipts from the medical profession during the year were - 10,50,000. After deducting allowable business expenditure of 8,10,000, his net profit is 2,40,000. During the year, he has earned - 10,000 as an interest from saving bank a/c. (assuming he has opted for default tax regime).