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Commerce · Q646

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 646

Q646

No tax shall be deducted where the amount of winning from each lottery, crossword puzzle, card game etc does not exceed

A.
Rs. 50,000
B.
Rs. 20,000
C.
Rs. 10,000
Answer
D.
Rs. 5,000

Answer: Option C

Solution

Answer: Option C
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