The Finance Ministry has recently sought to raise the IT exemption lim – McqOptions

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1.	The Finance Ministry has recently sought to raise the IT exemption limit to 5 lakhs. What is the current IT exemption limit?
A.	1.8 lakhs
B.	1.6 lakhs
C.	3.2 lakhs
D.	3 lakhs
Answer» B. 1.6 lakhs

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