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Year: 2025

August 5, 2025 / ITR

Section 87A Rebate Restored via ITR Utility update

Section 87A Rebate Restored- utility update disallowed rebate on Special Rate Income The Income Tax Department’s announcement about the updated utilities for ITR-2 and ITR-3 incorporating Section 87A rebate provisions is a notable development, especially for taxpayers dealing with income taxed at special rates such as Short-Term Capital Gains  u/s 111A and Long-term capital gains  …

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