respected members
in f.y.2019-20
net profit 650000
deduction 150000 (tax saver fd 80c)
so deduction allowed or not
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Regarding income
Replies (3)
Deduction allowed and net tax would be zero as net income is 500000 or less than that
Even though Tax is Nil ,he has to file Income Tax return for F.Y 2019-20
Yes Income Tax Return has to be filed.
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