Judgement

ITAT allowed the full Section 87A rebate on Section 111A STCG under the new tax regime for AY 2024–25 where total income does not exceed Rs 7 lakh.

ITAT Directs Grant of Full Section 87A Rebate, Rejects CPC's Restricted Computation

ITAT allows Section 87A rebate on Section 111A gains for AY 2024-25, rejecting CPC's denial.

ITAT Directs CPC to Grant Section 87A Rebate on STCG Tax

Articles

A complete guide to the Section 87A rebate for AY 2026-27, covering eligibility, tax-free income limits, marginal relief, special income rules, and practical tax-saving examples.

Section 87A Rebate Explained: How to Pay Zero Tax up to Rs 12 Lakh Income in AY 2026-27

Section 87A rebate reduces tax liability for individuals. Up to Rs 5 lakh (old regime) and Rs 12 lakh (new regime) income, tax becomes zero. Marginal relief prevents excess tax burden beyond limits.

 Section 87A Rebate Explained: Zero Tax up to Rs 12 Lakh & Marginal Relief Rules Simplified

The ITAT Rajkot allowed Section 87A rebate on STCG where the total income does not exceed the limit of Rs 7 lakh and deleted the tax demand.

Section 87A Rebate Cannot be Disallowed Against STCG If Income Is Below Rs 7 Lakh: ITAT

A routine tax filing turned into a dispute when the appellant, despite eligible income, was denied the Section 87A rebate by CPC. Rectification and first appeal failed, pushing the matter to the ITAT.

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ITAT Directs Grant of Full Section 87A Rebate, Rejects CPC's Restricted Computation

ITAT Directs CPC to Grant Section 87A Rebate on STCG Tax

Section 87A Rebate Explained: How to Pay Zero Tax up to Rs 12 Lakh Income in AY 2026-27

Section 87A Rebate Explained: Zero Tax up to Rs 12 Lakh & Marginal Relief Rules Simplified

Section 87A Rebate Cannot be Disallowed Against STCG If Income Is Below Rs 7 Lakh: ITAT

Rebate under Sec 87A cannot be denied just because income includes STCG (Sec 111A), if total income is below Rs. 7 lakh: ITAT