A tax rebate on Short Term Capital Gains (STCG) is possible, says Commissioner of Income Tax (Appeals), Mumbai ...

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 ...

Uncertainty over the Section 87A rebate on capital gains has led to tax notices for several taxpayers. Here’s what experts ...

Tax rebate under Section 87A helps taxpayers lower their tax liability under both tax regimes – old and new. Before July 5, taxpayers were allowed to claim this rebate on even special-rate ...

The court granted the primary relief sought in prayer clause (a), directing the Income Tax Department to modify the return-filing utilities under Section 139 of the Income Tax Act. This modification ...

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 ...

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 ...