Taxpayers face issues claiming the Section 87A rebate on STCG income due to a technical glitch in the income tax e-filing system.

Critical ITR Filing Glitch: Section 87A Rebate Unavailable for Taxpayers – Urgent Action Required!

The Income Tax e-filing portal’s recent updates to the ITR-2 and ITR-3 forms have failed to resolve a significant issue preventing taxpayers from claiming the Section 87A rebate on Short-Term Capital Gains (STCG) income. With the revised ITR filing deadline of January 15, 2025, approaching quickly, eligible taxpayers continue to face uncertainty and complications in…

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