Tax rates and rebate u/s 87A
This query is : Resolved
28 September 2021
Income earned by Assessee other than short term capital gains is Rs.4,00,000. Whereas, the short term capital gains is Rs.3,00,000/- which is chargble @ 15%. Whether rebate u/s 87A can be available for income other than short term capitalgains.
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28 September 2021
NO.
Total income is above Rs.5 lakhs, so rebate not available.
Total income is above Rs.5 lakhs, so rebate not available.
Message likes :
1 times
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