Searched for
115BAC UPDATES
After STCG ruling, now LTCG also allowed to get Section 87A tax rebate, rules ITAT ChennaiOn August 20, 2025, Chennai ITAT allowed Section 87A tax rebate on long term capital gains (LTCG). This decision favors taxpayers with inco...
27 Aug, 2025, 04.01 PM IST
87A and STCG: Will recent ITAT ruling on Section 87A allow taxpayer to claim 87A rebate on Short term capital gains while filing ITR?A recent ITAT Ahmedabad ruling has sparked hope for taxpayers seeking Section 87A tax rebates on short-term capital gains (STCG) for FY 202...
26 Aug, 2025, 04.55 PM IST
Section 87A tax rebate can be claimed for short term capital gains income under new tax regime, rules ITAT AhmedabadIn a significant win for taxpayers, the ITAT Ahmedabad has ruled that Section 87A tax rebate is applicable on short-term capital gains (STC...
26 Aug, 2025, 04.55 PM IST
How to file ITR-2 for AY 2025-26 with salary, capital gains, foreign income and others; Here's a step-by-step guideTaxpayers with income from salary, capital gains, or unlisted equity shares can file ITR-2. For AY 2025-26, the ITR-2 excel utility has six...
04 Aug, 2025, 03.58 PM IST
Can you change tax regime while filing income tax return?Income tax regime: Many individuals are confused about whether income tax rules allow a taxpayer to choose any tax regime during the income...
17 Apr, 2025, 01.44 PM IST
Taxpayers can now claim 87A tax rebate on special income as ITR utility software has been fixed; but it's subject to disputes and litigationsFinal judgement on 87A tax rebate claim: The 67 page Bombay High Court judgement says yes taxpayers should be given the option to file thei...
28 Jan, 2025, 06.18 PM IST
Will Budget 2025 announce closure date of old tax regime under Income Tax Act?Many tax experts expect changes in the income tax slabs under the new tax regime in Budget 2025. This is because the government, since the ...
28 Jan, 2025, 11.49 AM IST
Claimed 87A tax rebate for STCG in your ITR? You may get tax demand noticeIncome tax rebate: Income tax rebate under section 87A is not available for Long Term Capital Gains (LTCG). "Earlier the Income Tax Utility...
27 Sep, 2024, 10.45 AM IST
No tax rebate u/s 87A allowed on short term capital gains from equities despite being eligible, what experts demand from govtIncome tax rebate u/s 87A: No tax rebate is being given if you have sold mutual fund or shares and earned short term capital gains. This is...
21 Jul, 2024, 08.45 PM IST
ITR filing FY 2023-24 FAQs: Name of taxpayer in ITR does not match with name in PAN database; here’s what you can doITR filing FY 2023-24: The Income Tax Department has recently published a set of commonly asked questions (FAQs) to assist taxpayers with t...
08 Jul, 2024, 12.23 PM IST
How to file ITR-1 with salary, income from house property and other sources for FY 2023-24 (AY 2024-25)File ITR-1 online: Here is a step by step guide on how salaried individuals can file their income tax return using ITR-1 form easily on the...
02 Jul, 2024, 01.24 PM IST
What is Section 115BAC of the Income-tax Act?Section 115BAC of the Income-tax Act deals with the new tax regime introduced in the Union Budget 2020. The income tax slabs in the new tax...
31 Jul, 2023, 04.03 PM IST
ITR filing deadline of July 31 should be extended: Why 45 days is not enough to file income tax returnThe last date to file income tax return (whose books of accounts are not required to be audited) is July 31 every year. However, there are ...
29 Jul, 2023, 11.12 AM IST