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87A rebate will fail to make your tax nil despite income below Rs 12 lakh in these cases, Budget 2025This includes income such as capital gains under section 111A (short term capital gains), section 112 (long term capital gains), etc. This means if you have a total income of Rs 12 lakh out of ...
According to tax experts, these notices sent by the department have been issued under Section 143 (1) of the Income Tax Act.
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