Answer

1. F

   Facts

   Under Sec 44ADA, ₹24 lakh of receipts gives deemed income of ₹12 lakh. Under the new regime for AY 2026-27, the Sec 87A (now Sec 156) rebate covers tax where total income does not exceed ₹12 lakh.

2. P

   Provisions and law

   • Sec 44ADA, Income-tax Act 1961 (now Sec 58, Income-tax Act 2025)Resident professionals with receipts up to ₹50 lakh (₹75 lakh if cash receipts are within 5%) can declare 50% of receipts as income
   • Sec 87A, Income-tax Act 1961 (now Sec 156, Income-tax Act 2025)Rebate up to ₹60,000 under the new regime where total income is up to ₹12 lakh (AY 2026-27)
   • Sec 115BAC, Income-tax Act 1961 (now Sec 202, Income-tax Act 2025)New tax regime is the default; business filers opt out by Form 10-IEA by the due date
3. A

   Analysis

   Example: no other income, deemed income ₹12 lakh, tax before rebate ₹60,000, rebate ₹60,000, so tax is nil. With ₹26 lakh receipts, income is ₹13 lakh and tax is about ₹75,000 before cess, with marginal relief to check. A freelancer does not get the salary standard deduction. File the return even when tax is nil.

4. C

   Conclusion

   1. 1Compute 50% of receipts
   2. 2Add other income such as interest
   3. 3Apply new regime slabs and rebate
   4. 4Compare with old regime if you have deductions
   5. 5File the return

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.