Banking & Economics
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Opted for new tax regime? Why income below ₹12 lakh can still trigger a demand notice
The income tax regime chosen, the nature of the income and, crucially, compliance with the prescribed procedure can all affect the final outcome.

Key Highlights
- The income tax regime chosen, the nature of the income and, crucially, compliance with the prescribed procedure can all affect the final outcome.
- Desk angle: we track rates, inflation, and bank balance sheets against this headline. Always read the original for filings and quotes.
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