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Income Tax For Senior Citizens: How to File For AY 2026-27
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If there is no capital gains from shares & or MF transactions, file ITR 1.
If sold through any exchange, i.e. STT paid; then u/s. 112A, any LTCG up to 1 lakh per annum is tax free.
For equity-oriented shares & MF units' STCG, net tax liability at 15% rate without any exemption limit.
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