Case Law Analysis
|Income Tax Appellate Tribunal
Section 87A rebate available on short-term capital gains taxed under Sec 111A in the new tax regime | ITAT (Jaipur Bench)
ITAT ruled that the rebate under Section 87A can be claimed on tax payable on short-term capital gains taxed under Section 111A even when the assessee opts for the new tax regime (Section 115BAC). The decision confirms eligibility for AY 2024-25, benefiting taxpayers with STCG.