Question 1

What is NOT a prerequisite for filing ITR 1 online for AY 2024-25?

Accepted Answer

Need to be a non-resident of India

Answer

Valid PAN

Answer

Bank account details

Answer

Previous year’s tax return

Question 2

Which step is NOT part of accessing the e-filing portal for ITR 1?

Accepted Answer

Verifying identity through social media accounts

Answer

Logging in with user ID

Answer

Selecting the correct assessment year

Answer

Navigating to the e-file section

Question 3

Which document is unnecessary for filing ITR 1?

Accepted Answer

Foreign citizenship documentation

Answer

Form 16

Answer

Aadhaar card

Answer

Bank account statements

Question 4

A common error to avoid while filing ITR 1 is:

Accepted Answer

Entering incorrect bank account details

Answer

Using the latest antivirus software

Answer

Checking the site's SSL certificate

Answer

Logging out after session completion

Question 5

What is a benefit of NOT timely filing ITR?

Accepted Answer

Potential for penalties

Answer

Avoidance of legal issues

Answer

Faster loan approvals

Answer

Eligibility for government schemes

Question 6

What is required to file ITR 1 online that is specific to India?

Accepted Answer

Aadhaar card

Answer

Social Security Number

Answer

Driver’s License

Answer

Taxpayer Identification Number

Question 7

Which of the following is NOT a benefit of correct ITR filing?

Accepted Answer

Increased tax liability

Answer

Eligibility for certain visas

Answer

Legal compliance

Answer

Documentation for loans

Question 8

What step is incorrect in the e-filing process for ITR 1?

Accepted Answer

Submitting physical documents by mail

Answer

Reviewing the tax computation

Answer

Confirming personal information

Answer

Filling out income details

Question 9

Which is NOT a document used in the filing of ITR 1?

Accepted Answer

Property deed

Answer

Form 16A

Answer

PAN card

Answer

Investment proofs

Question 10

A non-beneficial aspect of delayed ITR filing is:

Accepted Answer

Interest on unpaid tax

Answer

Immediate refund issuance

Answer

Quick processing of returns

Answer

Reduction in scrutiny risk

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