Errors on the Income Tax Portal: Impact on Taxpayers

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2024-08-10 11:48:45 - Translate -

The Income Tax Portal has recently encountered significant issues, notably the denial of Rebate under Section 87A for Short Term Capital Gain (STCG) under Section 111A and other special incomes under the New Tax Regime. This problem has surfaced after an update on the Income Tax Return (ITR) online utility on July 5th, creating confusion and concern among taxpayers. Here’s a comprehensive...

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