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Every individual above 65 years having a income for F.Y 2006-07 is exceed Rs.1, 85, 000/- will have to file I.T Return compulsory.If income does not exceed Rs.1, 85, 000/- then it is not required to file Return.The exemption limit for F.Y 2007-08 is Rs.1, 95, 000/-.
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Reply to: Msg 59 Related Topic: Common Tax Return Mistakes Posted by Ca Anoop Mangal Morena. M.p.
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