The CBDT's circular 13/2025 addresses issues arising from taxpayers incorrectly claiming Section 87A tax rebates on special rate incomes like short-term capital gains. While rectifications are underway, leading to tax demand notices, the CBDT offers a waiver on interest under Section 220(2) if demands are paid by December 31, 2025.
from Tax-Wealth-Economic Times https://ift.tt/G0O4uw1
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