Rebate under 87A

1.Total income means 'Gross total income( includes STCG and LTCG) Less Deductions under chapter VIA' which shall ne less than 5Lakh.

2.person shall be resident

3. Rebate is not available on Tax on LTCG under 112A.(on LTCG under 112, rebate is still available)

Hope it is clear

Akshay Agaldiviti
akshay.agaldiviti @ gmail.com

In your case, Rebate is not available to you.

Thanks for your clarification, Sri Akshay Agaldiviti. 

While I am clear on answers (1) and (2), I do not yet understand the (3) :

You say that under provision 112, rebate is still available. What kind of rebate is this?  Does this mean the income from Capital Gains under 112, is not added to the total income in the application of 87A ?

Appreciate your kind clarification.

Regards,

Ram