The Income Tax Appellate Tribunal (ITAT) Ahmedabad's recent ruling has brought a significant development for taxpayers seeking relief under Section 87A for short-term capital gains (STCG) taxation.
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Income Tax update: CBDT waives interest on wrong Section 87A rebate cases. Pay revised tax by Dec 31
The Central Board of Direct Taxes (CBDT) has stepped in to ease the burden on small taxpayers who unexpectedly faced fresh tax demands after errors in processing the Section 87A rebate were corrected.
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