Has Section 87A tax rebate making tax liability zero for up to Rs 12 lakh income hiked in Budget 2026?Most anticipated change in Budget 2026 was change in Section 87A tax rebate. Currently Section 87A tax rebate depends on the chosen tax reg...
01 Feb, 2026, 01.20 PM IST
Can I set off short-term or long-term capital gains against past capital losses on listed shares in the new tax regime?ET Wealth Reader's Query: Please let me know if short-term capital gains (STCG) or capital losses can be adjusted against long-term capital...
29 Dec, 2025, 01.19 PM IST
Claimed Section 87A tax rebate on STCG? Expect a tax demand notice from I-T dept; Here’s what you can doTaxpayers who claimed Section 87A rebate on special incomes like STCG before July 5, 2024, may receive tax demand notices due to rectificat...
25 Sep, 2025, 03.14 PM IST
Tax Dept gives relief to income taxpayers regarding Section 87A tax rebate claimThe CBDT's circular 13/2025 addresses issues arising from taxpayers incorrectly claiming Section 87A tax rebates on special rate incomes li...
25 Sep, 2025, 11.25 AM IST
Capital gains: Latest LTCG and STCG rates and holding periods for various assets for AY 2025-26Recent changes in capital gains taxation, including updates in Budget 2024, impact holding periods and tax rates for various assets. While ...
16 Sep, 2025, 02.56 PM IST
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
Section 87A rebate rule correction: No income tax till income of Rs 12.75 lakh for salaried individuals except this incomeFor FY 2025-26 (AY 2024-25) Section 87A rebate allows an salaried individual to not pay any tax for income up to Rs 12.75 lakh but this reb...
14 Aug, 2025, 11.15 AM IST
No income tax rebate under Section 87A even if income is less than Rs 7 Lakh under new tax regime in this situation, point out CAsChartered Accountants have raised concerns about the denial of Section 87A tax rebates to eligible taxpayers with special rate incomes like...
14 Aug, 2025, 11.15 AM IST
Taxable income below Rs 7 lakh: Will you pay zero income tax if this income includes LTCG and STCG for FY 2024-25?Zero tax on incomes up to Rs 7 lakh: Budget 2025 clarified that tax rebate under Section 87A will not be available to incomes that are taxe...
23 Jul, 2025, 03.19 PM IST
Section 87A tax rebate on STCG income allowed by CIT (Appeals); Know how this legal battle was wonSection 87A: Tax rebate under Section 87A was not given on special rate income like STCG since July 5, 2024. Many taxpayers who could claim...
06 Mar, 2025, 11.31 AM IST
Payback the Section 87A rebate amount claimed against capital gains, says the tax demand notice; What are your options?Tax demand notice: Since February 24, 2025 many taxpayers have received a tax demand notice in their Income Tax Return (ITR) intimation ord...
27 Feb, 2025, 10.18 AM IST
87A rebate will fail to make your tax nil despite income below Rs 12 lakh in these cases, Budget 2025Budget 2025: No Section 87A tax rebate on special rate incomes like short term capital gains, long term capital gains, and others, said Bud...
02 Feb, 2025, 10.22 AM IST
Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catchIncome tax rebate u/s 87A: Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500...
07 Jan, 2025, 09.13 PM 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
Have income above Rs 3 lakh? Pay zero tax if your income is up to this limit, thanks to rebate under section 87AIncome tax rebate: Under section 87A you can get a maximum tax rebate of Rs 12,500 under the old tax regime and up to Rs 25,000 under the n...
20 Jun, 2024, 12.39 PM IST