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Cash purchase of goods, services over Rs 2 lakh to attract 1% tax - The Economic Times Besides, sale of options will also attract increased Securities Transaction Tax (STT) of 0.05 per cent from tomorrow. Currently, STT is 0.017 per cent.

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What Is Nil Income Tax Return? Here Is Why You Should File It - NDTV Did you know that you can file a tax return even if your income for the year is below the taxable limit? If your taxable income is less than the threshold limit of Rs 2.5 lakh in a year, you are not mandated to file income tax return. But if you want to, you can file a nil return.