ICAI Requests Rebate u/s 87A for Income Tax on Short-term and Long-term Capital Gains

Last updated: 19 July 2024

In a recent communication to the Central Board of Direct Taxes (CBDT), the Institute of Chartered Accountants of India (ICAI) has raised a significant issue affecting individual taxpayers. The ICAI has requested the allowance of a rebate under Section 87A of the Income-tax Act on short-term capital

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