CAF-2 · Chapter 14 · Question 1 of 15
Which of the following conditions mandates an individual to file a return of income, even if their taxable income is below the general taxable limit?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) D) Owning immovable property with a land area of 500 square yards or more.
Explanation
A person is required to file a return if they own immovable property with a land area of 500 square yards or more, a flat with a covered area of 2,000 square feet or more, a motor vehicle above 1000 CC, or hold a commercial/industrial electricity connection where the annual bill exceeds Rs. 500,000.
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