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LTCG will be considered for 87A relief as part of total income for FY 2024-25 / AY 2025-26

Tax queries 515 views 3 replies

Hi CAs,

Need urgent help in planning for LTCG for this FY 2024-25/ AY2025-26

Earlier, we used to get 87A relief for total income upto particular threshold (suppose currently 7 Lakh), that included LTCG from stocks as well

If same continued for current FY 2024-25/ AY 2025-26 as well....to plan LTCG

Illustration 

if other taxable income is say 3.5 Lakh +LTCG 3 Lakh=6.5 Lakh < 7 Lakh

Income tax = 0 (after applying 87A rebate for income upto INR 7 Lakh )

Please confimr if above calc is correct for this FY2024-25/AY2025-26

 

BTW, understand as per budget for next FY2025-26 (LTCG is excluded from 87A relief) 

 

Thanks in Advance

Replies (3)

No relief u/s. 87A will be available over the capital gains charged at special rate.

Details of capital gains

example

LTCG more than 2.5L for listed shares

and other income is  4L

 

total = 6.5 L < 7L for FY 2024-25

 

till last year LTCG was counted in total income for purpose of 87A rebate 


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