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What does ‘Whether assessed to tax under the Income Tax Act 1961 and Latest Assessment Year’ while submitting Form 15G/H through Internet Banking mean?

If your income was above the taxable limit or assessed to tax in any of the past six years preceding the current financial year, answer this question with a ‘Yes’ or a ‘No’. If you click on ‘Yes’, mention the latest assessment year in which your income was above the taxable limit.

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