Rebate u/s 87a on STCG / LTCG - New tax regime

This query is : Resolved

Hari Vignesh (Querist)
Follow

23 December 2024 Is there any update on rebate u/s 87a on STCG / LTCG for New tax regime. I heard it's available now.

If yes, shall we file revised or rectification return to claim back the demand paid?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

23 December 2024 The new utility for the rebate for STCG is not released yet. The presently available utility is not allowing the rebate.

Hari Vignesh

Hari Vignesh (Querist)
Follow

23 December 2024 Thank you so much sir

Upgrade to CAclubindia Pro. Subscribe Now!

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

23 December 2024 You are welcome.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

24 December 2024 In an order dated December 20, 2024, Bombay High Court said: "“…By way of interim relief, the respondent, Central Board of Direct Taxes is hereby directed to forthwith issue requisite notification under Section 119 of the Act extending the due date for e-filing of the income-tax returns in relation to the assesses who are required to file a return of income by December 31, 2024, at least to January 15, 2025. This extension is to ensure that all taxpayers eligible for the rebate under Section 87A are afforded the opportunity to exercise their statutory rights without facing procedural impediments.""