Rebate us 87A

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ARTICLE
752 Points Posted on 11 January 2020
Rebate under section 87A is not available in respect of tax payable @ 10% on LTCG us 112 A....

my question is that if I have other incomes with income us 112A... whether I am eligible for rebate? ?
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On 11 January 2020 at 11:31 Report
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This discussion clarifies eligibility for the Section 87A rebate when you have income taxed under Section 112A. It confirms that the rebate is indeed available, calculated on your total income after deducting the tax payable on your Long-Term Capital Gains (LTCG) under Section 112A. Therefore, you are eligible for the rebate even with LTCG income.

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C.A FINAL STUDENT AND QUALIFIED C.M.A
563 Points Posted on 11 January 2020

Your doubt is squarely  covered  U/s 112A(6) which states that the rebate U/s 87A shall be allowed from the Income Tax on Total Income as reduced by the tax payable on such capital gains.

Hence forth you are eligible.

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On 11 January 2020 at 11:44
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ARTICLE
752 Points Posted on 11 January 2020
Ok..got it...thank you
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On 11 January 2020 at 12:21

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