{"id":192,"date":"2026-03-04T20:33:49","date_gmt":"2026-03-04T15:03:49","guid":{"rendered":"https:\/\/www.khatriclasses.com\/Blog\/?p=192"},"modified":"2026-03-04T20:33:49","modified_gmt":"2026-03-04T15:03:49","slug":"tax-quiz-4","status":"publish","type":"post","link":"https:\/\/www.khatriclasses.com\/Blog\/tax-quiz-4\/","title":{"rendered":"Tax Quiz 4"},"content":{"rendered":"

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

Answer: Option C <\/strong>\u2713<\/strong><\/p>\n

Part 1 \u2014 Should he have filed the return?<\/strong> No obligation. His income (6% of \u20b958L = \u20b93.48L) is below exemption limit<\/strong>, so no need to file. Simple.<\/p>\n

(Option D’s “\u20b950L = must file” is wrong \u2014 that’s for tax audit, not filing.)<\/em><\/p>\n

Part 2 \u2014 Can he just walk out of 44AD? <\/strong>\ud83d\udea8 The real trap.<\/strong><\/p>\n

Yes he can exit \u2014 but there’s a 5-year lock-out penalty.<\/strong><\/p>\n

Opted IN \u2192 A.Y. 2025-26 Opts OUT \u2192 A.Y. 2026-27 Can re-enter only from \u2192 A.Y. 2032-33<\/strong><\/p>\n

Many students think the 5 years count from when you opted in<\/strong> \u2014 wrong. It counts from when you opt out.<\/strong> That’s exactly what Option D gets wrong.<\/p>\n

One liner to remember:<\/strong> “You can leave 44AD anytime, but you can’t come back for 5 years.”<\/em> \ud83d\udd12<\/p>\n","protected":false},"excerpt":{"rendered":"

    Answer: Option C \u2713 Part 1 \u2014 Should he have filed the return? No obligation. His income (6%<\/p>\n","protected":false},"author":1,"featured_media":196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-quiz"],"_links":{"self":[{"href":"https:\/\/www.khatriclasses.com\/Blog\/wp-json\/wp\/v2\/posts\/192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.khatriclasses.com\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.khatriclasses.com\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.khatriclasses.com\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.khatriclasses.com\/Blog\/wp-json\/wp\/v2\/comments?post=192"}],"version-history":[{"count":1,"href":"https:\/\/www.khatriclasses.com\/Blog\/wp-json\/wp\/v2\/posts\/192\/revisions"}],"predecessor-version":[{"id":197,"href":"https:\/\/www.khatriclasses.com\/Blog\/wp-json\/wp\/v2\/posts\/192\/revisions\/197"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.khatriclasses.com\/Blog\/wp-json\/wp\/v2\/media\/196"}],"wp:attachment":[{"href":"https:\/\/www.khatriclasses.com\/Blog\/wp-json\/wp\/v2\/media?parent=192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.khatriclasses.com\/Blog\/wp-json\/wp\/v2\/categories?post=192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.khatriclasses.com\/Blog\/wp-json\/wp\/v2\/tags?post=192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}