https://www.taxtmi.com/caselaws?id=790419 Rebate under section 87A is linked to the total income threshold and, under the new regime in section 115BAC(1A), is available to a resident individual within the prescribed limit. However, tax on short-term capital gains under section 111A is computed at a special rate and is treated as separate from normal slab taxation. On the scheme of the Act, the rebate applies against tax on normal income, but not against tax on special-rate capital gains; the absence of an express bar in section 87A does not extend the rebate to such tax. en-us Wed, 22 Apr 2026 00:00:00 +0530 Wed, 15 Jul 2026 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790419 Rebate under section 87A is linked to the total income threshold and, under the new regime in section 115BAC(1A), is available to a resident individual within the prescribed limit. However, tax on short-term capital gains under section 111A is computed at a special rate and is treated as separate from normal slab taxation. On the scheme of the Act, the rebate applies against tax on normal income, but not against tax on special-rate capital gains; the absence of an express bar in section 87A does not extend the rebate to such tax. Case-Laws Income Tax Wed, 22 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790419