https://www.taxtmi.com/caselaws?id=794392 Rebate under section 87A for Assessment Year 2024-25 was analysed as available against tax attributable to short-term capital gains taxed under section 111A where the resident individual's total income stayed within the prescribed threshold and section 115BAC(1A) was opted. The text states that, for that year, section 87A contained no express exclusion for special-rate income under Chapter XII, including such capital gains, while the legislature had used express exclusions elsewhere, such as section 112A(6). It further notes that the Finance Act, 2025 amendment excluding special-rate income operated prospectively, confirming that the earlier law allowed the rebate on section 111A tax. en-us Fri, 05 Jun 2026 00:00:00 +0530 Sat, 04 Jul 2026 08:15:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794392 Rebate under section 87A for Assessment Year 2024-25 was analysed as available against tax attributable to short-term capital gains taxed under section 111A where the resident individual's total income stayed within the prescribed threshold and section 115BAC(1A) was opted. The text states that, for that year, section 87A contained no express exclusion for special-rate income under Chapter XII, including such capital gains, while the legislature had used express exclusions elsewhere, such as section 112A(6). It further notes that the Finance Act, 2025 amendment excluding special-rate income operated prospectively, confirming that the earlier law allowed the rebate on section 111A tax. Case-Laws Income Tax Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794392