As of November 2026, under the Income-tax Act, 2025, which taxpayer must furnish a return of income for…
A domestic company must furnish a return under section 263 even with nil income. Individuals, Hindu undivided families and bodies of individuals are subject to income…
Choose your answer
As of November 2026, under the Income-tax Act, 2025, which taxpayer must furnish a return of income for tax year 2026–27 even when its total income is nil? Assume no separate filing requirement applies because of assets, transactions or other special circumstances.
Answer and explanation
Correct answer D
A domestic company must furnish a return under section 263 even with nil income. Individuals, Hindu undivided families and bodies of individuals are subject to income thresholds or other specified filing triggers, none of which apply in the circumstances stated.
Practice for these exams
-
West Bengal SET (WB SET)