Stamp valuation increases after registration-fee payment led to deletion of property-purchase addition within tolerance and without valuation referral...
Capital Asset Conversion Requires Proven Business Stock Treatment; Paper Consideration in Spousal Flat Transfers Does Not Create Taxable Business Inco...
Human-probability test defeats political donation deduction where banking records mask accommodation-entry fund layering and evidence shows non-genuin...
Commercial property status protects capital-gains exemption when residential-house ownership limits are tested, while agricultural-land character gove...
Section 87A rebate is available against tax on total income, including short-term capital gains taxable at special rates under section 111A, for an individual governed by section 115BAC(1A) whose total income does not exceed the prescribed threshold. The rebate applies to the tax liability computed on total income without distinguishing between income taxed at normal rates and income subject to the special rate for short-term capital gains. The stated position sustains entitlement to rebate on tax attributable to such gains.
Section 87A rebate is available against tax on total income, including short-term capital gains taxable at special rates under section 111A, for an individual governed by section 115BAC(1A) whose total income does not exceed the prescribed threshold. The rebate applies to the tax liability computed on total income without distinguishing between income taxed at normal rates and income subject to the special rate for short-term capital gains. The stated position sustains entitlement to rebate on tax attributable to such gains.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
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