Introduction
If you've been confused about whether the Section 87A tax rebate applies to short-term capital gains (STCG) under the new tax regime, you're not alone. Many salaried taxpayers wondered if they could claim this rebate when their total income included gains taxed under Section 111A. Thankfully, two recent appellate rulings have brought much-needed clarity and relief.
In simple terms, the Commissioners of Income Tax (Appeals) confirmed that taxpayers earning up to Rs 7 lakh annually-
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