Mr. Aniruddh, aged 38 years, is a resident individual employed as a senior project consultant in a technology firm M/s MNE enterprises in Bangalore.…

Mr. Aniruddh, aged 38 years, is a resident individual employed as a senior project consultant in a technology firm M/s MNE enterprises in Bangalore. He is paying tax under the default tax regime for the P.Y. 2025-26 (A.Y. 2026-27). During P.Y. 2025-26, he received a gross salary of ₹ 15,75,000. TDS deducted on salary during the P.Y 2025-26 is ₹ 1,09,200 He also provided technical consultancy services and charged fees of ₹ 48,000 from Startup A and ₹52,000 from Startup B whose turnover during the P.Y. 2024-25 exceed ₹5 crores. He opts for the presumptive taxation scheme under section 44ADA of Income-tax Act 1961. In November 2025, he made the following outward remittances under the Liberalised Remittance Scheme (LRS) through an authorized dealer: On 10th November 2025, ₹ 8,50,000 to a university in Germany for his son's education (funded from personal savings). On 25th November 2025, ₹ 3,50,000 to his brother in Australia for personal maintenance. He owns a residential building consisting of three identical floors. Floor 1 is self-occupied, Floor 2 was vacant for the whole year, and Floor 3 is let out at a monthly rent of ₹25,000. He paid municipal taxes of ₹ 30,000 for the entire building and interest of ₹ 12,00,000 on a housing loan taken for its construction. On 15th March 2026, he sold a commercial plot for ₹65,00,000, which he acquired on 31st January, 2024 for ₹ 40,00,000. The stamp duty value on the date of transfer is ₹ 65,00,000. The Cost of Inflation Index (CII) for the financial year 2025-26 and 2023-24 are 376 and 348, respectively. Based on the facts of the case scenario given above, choose the most appropriate answer in respect of the MCQs 1 to 5: