Withdrawal of obsolete FEMA circulars streamlines rules on external commercial borrowings, non-resident bond investments, and money transfer sub-agent...
Departmental appeal limitation after call-book recall preserves original filing, while documented correlation supports SAD refund on imported granules...
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 
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