Section 87a rebate for capital gain
This query is : Resolved
24 February 2026
My salary income is 8 lacs and short term capital gain under sec 111A is 2 lacs for the financial year 2025-26? Is rebate under sec 87 a applicable for short term capital gain income under new tax regime?
25 February 2026
Under the New Tax Regime for FY 2025-26, the Section 87A rebate only covers tax on your salary. Your ₹2 lakh STCG will be taxed at 20% ($₹40,000 + Cess$), even though your total income is under the ₹12 lakh limit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Purchase of property from NRI
- Query related to CA/CS/CMA Firm
- NRI get transferred fund from his own Indian account to his foreign US account without any approval
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- CESS not claimed in GSTR3B either in inward supplies or outward supplies for the period Oct2025
- GST APPLICABILITY TO DIAGNOSTIC
- Value of Perquisite Sec.10 (10CC)
- How to pay tds on mhada property
- Income from F&O trading
- Eway bill and e invoice for exempt and nill rated goods
- TDS on Purchase of Property from NRI Seller
- Rejection of application U/s.119(2)(b) by PCIT
- Value of Perquisite Tax Borne by Employer
- Taxability and TDS treatment on Crypto futures
- Suggest proper Tax & TDS applicability on Crypto Futures
- Tax Demand of ₹4,650 for AY 2026-27
- ITR WITH 0 TURNOVER
- Multiple GST under same PAN
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
