https://www.taxtmi.com/caselaws?id=795058 Section 112A(6) permits a section 87A rebate where total income under the new tax regime includes long-term capital gains. The rebate is calculated with reference to income tax on total income after reducing the tax payable on those gains. The relevant threshold concerns the tax computed on long-term capital gains, rather than the full amount of such gains. Accordingly, denial of the rebate on that basis was incorrect, and the rebate was available against tax liability on the long-term capital gains. en-us Wed, 03 Jun 2026 00:00:00 +0530 Thu, 16 Jul 2026 09:07:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795058 Section 112A(6) permits a section 87A rebate where total income under the new tax regime includes long-term capital gains. The rebate is calculated with reference to income tax on total income after reducing the tax payable on those gains. The relevant threshold concerns the tax computed on long-term capital gains, rather than the full amount of such gains. Accordingly, denial of the rebate on that basis was incorrect, and the rebate was available against tax liability on the long-term capital gains. Case-Laws Income Tax Wed, 03 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795058