Held that there is no restriction or prohibition either in s. 111A or s. 87A, rebate under S. 87A is allowable to the assessee on the tax on short-term capital gains. (AY-2024-25)
Pramod Kumar Dubey v. ITO (2025) 237 TTJ 827 (SMC) (Agra) (Trib)
S.87A: Rebate on Income-tax in case of certain individuals-Tax on short-term capital gains-Computation of income under S. 115BAC-No restriction in S. 111A which reflects the tax rate on short-term capital gains that the rebate under s. 87A would not be eligible for short-term capital gains.[S.111A]
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