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Regarding income

Others 149 views 3 replies
respected members
in f.y.2019-20
net profit 650000
deduction 150000 (tax saver fd 80c)
so deduction allowed or not
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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