Rebate on Stcg 111A

Sir, I filled return with rebate on STCG 111A , Now intimation is received demanding tax on stcg 111A. New tax regime 

What should I do???

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Quick Summary
This discussion addresses a query regarding a tax demand on STCG 111A after claiming a rebate under Section 87A in the new tax regime. It clarifies that while Section 87A rebates are available, STCG under Section 111A is taxed at a flat 15% and does not qualify for this rebate. The thread also briefly touches upon the applicability of STCG 111A rebates in the old tax regime.

Under the new tax regime, rebates under Section 87A (which reduce tax liability) are applicable, but STCG under Section 111A is taxable at 15% and does not qualify for a rebate or lower rate of tax.

Is stcg 111A allowed under rebate 87A In OLD TAX REGIME....

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