I have income from Profession & Other Sources of around 450000 after 80C deductions.
If I have income of around 300000 from selling of shares (Short Term Capital Gains) taxable @ 15%, will I still be eligible for relief U/S 87(A) ?
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Rebate U/S 87(A) Applicable
Replies (3)
Yes, You can Releif U/S 87(A).
80c components
For 87A relief ur total income after deduction under chpt VIA should not exceed 5,00,000
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