Observe the table and state whether the income tax is to be paid or not for the following persons
having taxable F.Y. 2017-13 as given below
Person Age in year Taxable Income in Rs. The tax is to be paid or not
Mr. Bhagwan 80 2,70,000
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Step-by-step explanation:
The income tax laws classify the residential status of an individual into three ... in the relevant financial year as well as his/her stay in the previous years. ... Have a look at the following conditions and identify your residential status ... only if he/she satisfies one of the additional conditions mentioned below: a.
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