LatestAccounting And Audit 4 July 2026
Tax Free LTCG Update
The tax free long term capital gain limit is up to ₹1.25 lakh and individuals whose total income is below the applicable basic exemption limit and who do not have to get their accounts audited can file their income tax return by July 31, however they still need to report it in their ITR, tax audit must generally file their ITR by July 31
Tax free long term capital gain limit is up to ₹1.25 lakh. Individuals whose total income is below the applicable basic exemption limit and who do not have to get their accounts audited can file their income tax return by July 31. However they still need to report it in their ITR.
- Tax audit must generally file their ITR by July 31.
- The income tax return filing deadline is approaching and individuals are advised to file their returns on time to avoid penalties.
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