Filing The Return Of Income - India Page 14

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Q7.
Taxpayers with total income of more than Rs. _______ shall furnish the return of
income electronically with or without digital signature or by using electronic verification
code. However in a case where digital signature is mandatory return is to be mandatorily
digital signed.
(a) 25,00,000
(b) 15,00,000
(c) 10,00,000
(d) 5,00,000
Correct answer : (d)
Justification of correct answer :
Taxpayers with total income of more than Rs. 5,00,000 shall furnish the return of income
electronically with or without digital signature.
Thus, option (d) is the correct option.
Q8.
ITR return forms are attachment less forms and, hence, the taxpayer is not required
to attach any document (like proof of investment, TDS certificates, etc.) along with the
return of income (whether filed manually or filed electronically).
(a) True
(b) False
Correct answer : (a)
Justification of correct answer :
ITR return forms are attachment less forms and, hence, the taxpayer is not required to
attach any document (like proof of investment, TDS certificates, etc.) along with the
return of income (whether filed manually or filed electronically). However, these
documents should be retained by the taxpayer and should be produced before the tax
authorities when demanded in situations like assessment, inquiry, etc.
Thus, the statement given in the question is true and hence, option (a) is the correct
option.
Q9.
A partnership firm required to get its books of account audited shall file the return of
income electronically with or without digital signature
(a) True
(b) False
Correct answer : (b)
Justification of correct answer :
A person who is required to file ITR - 5 shall file the same electronically with or without
digital signature. However, a firm liable to get its accounts audited under section 44AB
shall furnish the return electronically under digital signature.
Thus, the statement given in the question is true and hence, option (b) is the correct
option.
[As amended by Finance Act, 2016]

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