The Section 87A rebate, a key provision in India’s income tax law, has sparked confusion among taxpayers, especially those with capital gains income. While Budget 2025 increased the rebate limit to ...

The Mumbai bench of Commissioner of Income-tax (Appeals) has decided in the favour of Section 87A tax rebate on special rate incomes. The CIT (A) Mumbai held on February 27, 2025 that Section 87A ...

To recall, since July 5, 2024 the Income Tax Department had disabled the option on the utility software to claim Section 87A tax rebate on special rate income like STCG. For those who could claim ...