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Commerce · Q153

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 153

Q153

Which of the following statements are true about SAHAJ?

A.
SAHAJ is applicable to an ordinarily Resident individual having salary or pension income or income from one house property (not a case of brought forward loss or loss to be carried forward)
B.
Alternatively, SAHAJ is applicable to income from other sources (not being lottery winnings and income from race horses and in come chargeable to tax at special rates)
C.
An individual who is a director in a company or has held equity shares of an unlisted company shall not be eligible to use ITR-1
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
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