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Examination Question Q1. The basic exemption limit for a non-resident woman above the age of 60 years for the assessment year 2012-13 is (a) Rs.1,90,000 [Ans] (b) Rs.1,80,000 (c) Rs.2,40,000 (d) Rs.2,50,000 Q2. When a person retires from a profession and receives any amount towards self-generated goodwill, it is (a) Taxable as income from profession…

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