Why you can't get benefit of tax rebate on capital gains, lotteries

Feb 2, 2025 - 02:00
Why you can't get benefit of tax rebate on capital gains, lotteries

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Budget 2025 clarifies that the tax rebate will no longer apply to income from capital gains or other sources taxed at special rates. Taxpayers under the new regime can claim a maximum rebate of Rs 60,000 for an income of up to Rs 12 lakh, effective from FY26.

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