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Income Tax (Ch-1) Question

Mr. Rishabh, aged 65 years and a resident in India, has a total income of ` 4,50,00,000, comprising long term capital gain taxable under section 112 of ` 85,00,000, long term capital gain taxable under section 112A of ` 75,00,000 and other income of ` 2,90,00,000. What would be his tax liability for A.Y. 2024 -25. Assume that Mr. Rishabh has opted for the provisions of section 115BAC.

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