Surcharge on income tax applicable only on income exceeding ₹50 Lakhs and not to be considered for MMR if income is below the limit: ITAT Kolkata In Badamtam Welfare Trust vs DDIT (ITA No. 1919/KOL/2024; Date of Judgement 31/12/2024], Kolkata ITAT has held that surcharge on income tax is applicable only to income exceeding…
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