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INDIAN (B)

LTCG makes filing Income Tax returns tough

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A recent update in the software utility that enables taxpayers to file their returns online has created hurdles for taxpayers who have earned long-term capital gains (LTCGs) on sale of securities. Extension of the date for issue of Form 16 from June 15 to July 10 meant that salaried taxpayers could kick-start the process of preparing their income tax (I-T) returns only recently.



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