Section 87A tax rebate allowed on both long and short term capital gain income from equity for AY 2024-25 by ITAT Indore; Know why

The ITAT Indore has allowed Section 87A tax rebates on both long-term and short-term capital gains from equity for AY 2024-25. This ruling clarifies that the rebate applies even to income taxed at special rates, overturning a previous tax demand notice. The tribunal followed earlier favorable decisions from other ITAT benches.

from Tax-Wealth-Economic Times https://ift.tt/Efaiyl1