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Section 87A tax rebate can be claimed for short term capital gains income under new tax regime, rules ITAT Ahmedabad
In a significant win for taxpayers, the ITAT Ahmedabad has ruled that Section 87A tax rebate is applicable on short-term capital gains (STCG) under the new tax regime for AY 2024-25. This decision ...
On July 26, 2024, Mr Venugopal from Tamil Nadu, filed his income tax return (ITR) for the Assessment Year 2024-25, declaring a total income of Rs 6,75,940. He also claimed a Section 87A tax rebate of ...
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