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Section 87A tax rebate allowed on both long and short term capital gain income from equity for AY 2024-25 by ITAT Indore; know why

On January 16, 2026, the Income Tax Appellate tribunal (ITAT) Indore granted a full Section 87A tax rebate on both short term and long term capital gains from the sale of equity shares. This decision ...
Business Today

Tax computation: Does Section 87A apply if my income is Rs 12 lakh, but total income exceeds the limit?

I am a resident individual with a total income of Rs 15 lakh for FY26, comprising: Rs 12 lakh from rent and interest income (taxable at normal slab rates), and Rs 3 lakh from long-term capital gains ...

Income-Tax returns: Taxpayers get rebate under Section 87A — Check here for eligibility, limit and rules, explained

Rebate under Section 87A reduces tax for low to middle-income earners, with different income limits applicable under the old tax regime and the new regime. Check details for eligibility, limits and ...
Newsd

Can Section 87A Rebate Cancel Tax On Gold Jewellery LTCG?

The rebate basically, helps with tax on normal slab income. It does not act like a magic eraser for every kind of income. The ...

New Tax Regime Calculations: Are you eligible for Rs 60,000 tax rebate in FY25-26? How will you know it?

In the revised new tax regime applicable for the Financial Year 2025-26, you can get a maximum Rs 60,000 tax rebate under ...
Business Today

Tax relief 2025: CBDT offers relief on Section 87A rebate cases; check details on penal interest

The Central Board of Direct Taxes (CBDT) has issued a new circular clarifying the treatment of Section 87A rebates claimed against income taxed at special rates, such as short-term capital gains (STCG ...
Indiatimes

Budget 2026: What is the Section 87A rebate limit under new income tax regime for FY 2026-27?

In the Union Budget 2026, the Section 87A tax rebate, given in Income Tax,remain unchanged, disappointing taxpayers who had hoped for an increase to boost consumption and ease the burden on ...
moneycontrol.com

The new income-tax rebate up to Rs 12 lakh — and why capital gains don’t benefit

Did our AI summary help? A social media post by a chartered accountant has sparked debate over India’s widely shared claim that there will be “no tax up to Rs 12 lakh” under the new tax regime, ...
The Financial Express

Income Tax Dept waives interest on late payment of tax demands for THESE taxpayers

The Income Tax Department has provided relief to taxpayers who recently faced additional tax demands about incorrect 87A rebate. The Central Board of Direct Taxes (CBDT) has stated that if such ...
Mena FN

No Tax Rebate Under Section 87A On Short-Term Capital Gains, Taxpayers Asked To Clear Dues By Dec: CBDT

(MENAFN- IANS) New Delhi, Sep 23 (IANS) The Central Board of Direct Taxes (CBDT) has once again clarified that taxpayers cannot claim tax rebate under Section 87A on income that is taxed at special ...

Bengaluru CA explains zero tax trick on Rs 17 lakh rent income : 'No bills, no receipts....'

India's tax framework allows certain individuals to legally reduce rental income tax to zero. A flat 30% deduction on gross rental income, coupled with a rebate under Section 87A in the new tax regime ...