https://www.taxtmi.com/caselaws?id=795067 For Assessment Year 2024-25, a resident individual taxed under the new tax regime may claim the Section 87A rebate against tax liability including short-term capital gains taxable under Section 111A, provided total income is within the prescribed threshold. Section 87A contained no express exclusion for such gains, unlike the specific limitation applicable to certain long-term capital gains under Section 112A. Section 115BAC(1A) governs tax computation but does not displace the separate rebate. A later restriction effective from Assessment Year 2026-27 applies prospectively and does not affect the unamended position for Assessment Year 2024-25. en-us Thu, 18 Jun 2026 00:00:00 +0530 Thu, 16 Jul 2026 09:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795067 For Assessment Year 2024-25, a resident individual taxed under the new tax regime may claim the Section 87A rebate against tax liability including short-term capital gains taxable under Section 111A, provided total income is within the prescribed threshold. Section 87A contained no express exclusion for such gains, unlike the specific limitation applicable to certain long-term capital gains under Section 112A. Section 115BAC(1A) governs tax computation but does not displace the separate rebate. A later restriction effective from Assessment Year 2026-27 applies prospectively and does not affect the unamended position for Assessment Year 2024-25. Case-Laws Income Tax Thu, 18 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795067