The ITAT Ahmedabad ruled on August 13, 2025, that you can claim Section 87A tax rebate on special rate income such as short-term capital gains (STCG). The ITAT Ahmedabad pointed out that Section 87A, ...
The Central Board of Direct Taxes (CBDT) has recently announced a significant change to the tax rebate calculation under Section 87A for the fiscal year 2025-26. According to the latest guidelines ...
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 ...
As the Union Budget 2026-27 approaches, there is growing anticipation among taxpayers and tax experts that the central government could further expand the scope of the Section 87A rebate and increase ...
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 ...
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