Treatment of LTCG for MF sale for rebate u/s 87A of IT Act

Hi Samantha,

Thanks a ton for your reply. Much appreciated.

You are right in saying that a lot of CA don't know the answer for a lot of them couldn't answer in my other groups that I posted.

Yes, thanks. I decided to file returns through Cleartax. Their assigned CA also stated that rebate 87A will not be available since my father's net income is greater than 5Lacs. 

I completely agree to this statement of yours:

"We are living in a world where one must teach the job to the person sitting behind the desk so that your problem is resolved.You can check the veracity of the statement by reflecting on other areas of present day life!"

I am not from finance background, but I have taken efforts to prepare the IT Returns for my father and me, for I do not trust the local CAs. They used to file returns as is before I started working out the details. It took time, but was worth the efforts.