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Commerce · Q197

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 197

Q197

Income tax is levied on those individuals

A.
whose income is less than exempted limit in any previous year
B.
whose income is more than exempted limit in any previous year
Answer
C.
whose income is upto Rs. 1,00,000 in any previous year
D.
None of the above

Answer: Option B

Solution

Answer: Option B
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