Question about eligibility for tax rebate u/s 87A
This query is : Resolved
26 November 2024
sir/mam, kindly let me know that whether tax rebate u/s 87A of Rs 25000 is eligible or not if assessee have salary and crypto income which is less than Rs 700000 in total for FY 2023-24. Total income include with Salary income (about Rs. 285000) and Crypto income ( Rs 370000). Gross income is about 655000.
Dhirajlal Rambhia
(Expert)
26 November 2024
Rebate u/s. 87A is not available over tax liability of special tax rate 30% over crypto income.
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