Section 87A tax rebate on STCG income allowed by CIT (Appeals); Know how this legal battle was won
A tax rebate on Short Term Capital Gains (STCG) is possible, says Commissioner of Income Tax (Appeals), Mumbai ...
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87A rebate will fail to make your tax nil despite income below Rs 12 lakh in these cases, Budget 2025
You will end up paying income tax despite income under Rs 12 lakh if it includes special rate incomes as 87A rebate will not help to make the tax liability zero. Budget 2025 has now specified that ...
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Section 87A rebate confusion: Why taxpayers with capital gains are receiving notices
Uncertainty over the Section 87A rebate on capital gains has led to tax notices for several taxpayers. Here’s what experts ...
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Taxpayers can now claim 87A tax rebate on special income as ITR utility software has been fixed; but it's subject to disputes and litigations
The HC directed the Income Tax Department to fix the ITR utility software and accept all Section 87A tax rebate claims. Eligible taxpayers who have an taxable income up to Rs 5 lakh under the old ...
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Newsletter | Trump delays Canada, Mexico tariffs for goods under USMC; Section 87A rebate confusion & more
From Donald Trump delaying Canada, Mexico tariffs for goods under USMC to the Section 87A rebate confusion with taxpayers with capital gains are receiving notices — Here are the top 11 news stories ...
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Zero tax till Rs 12 lakh: What's difference between rebate under Section 87A, exemptions & deductions?
As per Section 87A of the Income Tax Act, a tax rebate is provided to individuals earning below a certain threshold to reduce their total tax liability. This rebate is claimed from the overall tax ...