Recent budgets have overhauled debt fund taxation, impacting how conservative hybrid funds are treated. Today's Ask Wallet Wise query decodes how they are taxed and whether a rebate under Section 87A ...
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Claimed Section 87A tax rebate on STCG? Expect a tax demand notice from I-T dept; Here’s what you can do
On September 19, 2025, the Central Board of Direct Taxes (CBDT) via Circular No. 13 /2025 gave relief to taxpayers from paying interest on tax demand notices related to the Section 87A tax rebate for ...
I am a resident individual with a total income of Rs 15 lakh for FY26, comprising: Rs 12 lakh from rent and interest income (taxable at normal slab rates), and Rs 3 lakh from long-term capital gains ...
Will the Ahmedabad tax tribunal's ruling allowing section 87A rebate on STCG offer clarity to taxpayers? The ambiguity over whether small taxpayers’ special rate income – particularly, short-term ...
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Section 87A tax rebate can be claimed for short term capital gains income under new tax regime, rules ITAT Ahmedabad
Great news for taxpayers! On August 12, 2025, the Income Tax Appellate Tribunal (ITAT) Ahmedabad bench allowed a taxpayer to claim Section 87A tax rebate on short term capital gains (STCG) under the ...
Ahmedabad: Filed your ITR and surprised by a tax bill despite being under the Rs 7 lakh limit under the new tax regime? You're not alone. The income tax portal isn't auto-applying the 87A rebate on ...
The Income Tax Return (ITR) filing season is in full swing. Like every year, taxpayers while filing their ITRs grapple with issues related to forms, rules or eligibility to claim certain deductions ...
Confused about Rs 12,500, Rs 25,000, or Rs 60,000? Here’s what you can actually claim as Section 87A rebate for FY24 With the due date for filing income tax return (ITR) approaching, taxpayers are in ...
Please answer this based on Finance Bill 2025, new tax regime. A resident individual has a total income of ₹15 lakh for for FY26 — ₹12 lakh from rent/interest and ₹3 lakh from long-term capital gains ...
The weekly rent for 4/87A Birriga Road, Bellevue Hill is $1000 per week. When is 4/87A Birriga Road, Bellevue Hill available to rent? 4/87A Birriga Road, Bellevue Hill is available to rent from Friday ...
The Central Board of Direct Taxes (CBDT) has recently announced a significant change to the tax rebate calculation under Section 87A for the fiscal year 2025-26. According to the latest guidelines ...
Tax rebate under Section 87A helps taxpayers lower their tax liability under both tax regimes – old and new. Before July 5, taxpayers were allowed to claim this rebate on even special-rate incomes, ...
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