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Questions and Answers
What is the mandatory requirement for a taxpayer regarding filing a return?
What is the mandatory requirement for a taxpayer regarding filing a return?
- It is mandatory for a taxpayer to file a return only if they owe taxes
- It is mandatory for a taxpayer to file a return if they are self-employed
- It is mandatory for a taxpayer to file a return if their income is above a certain threshold (correct)
- It is mandatory for a taxpayer to file a return if they have multiple sources of income
When must a taxpayer file a return?
When must a taxpayer file a return?
- Whenever the taxpayer feels like it
- After the tax authorities request it
- Within 30 days of receiving income
- By the specified deadline each year (correct)
Under what circumstances is a taxpayer exempt from filing a return?
Under what circumstances is a taxpayer exempt from filing a return?
- If their income is below the taxable threshold (correct)
- If they have children
- If they are married and file jointly
- If they have only one source of income
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