Rebate u/s 87a on STCG / LTCG - New tax regime
This query is : Resolved
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?
If yes, shall we file revised or rectification return to claim back the demand paid?
23 December 2024
The new utility for the rebate for STCG is not released yet. The presently available utility is not allowing the rebate.
23 December 2024
Thank you so much sir
23 December 2024
You are welcome.
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.""
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