https://www.taxtmi.com/caselaws?id=470705 Rebate under section 87A under the new tax regime is available to a resident individual with total income within the statutory limit even where income includes short-term capital gains taxable at the special rate under section 111A. The text states that neither provision expressly excludes such gains from rebate eligibility, and no distinction is made between normal-rate and special-rate income. It further states that long-term capital gains taxable under section 112A, where below the statutory threshold, do not prevent the rebate. On that basis, the rebate and any consequential refund are to be granted in accordance with law. en-us Fri, 24 Oct 2025 00:00:00 +0530 Tue, 04 Aug 2026 20:51:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470705 Rebate under section 87A under the new tax regime is available to a resident individual with total income within the statutory limit even where income includes short-term capital gains taxable at the special rate under section 111A. The text states that neither provision expressly excludes such gains from rebate eligibility, and no distinction is made between normal-rate and special-rate income. It further states that long-term capital gains taxable under section 112A, where below the statutory threshold, do not prevent the rebate. On that basis, the rebate and any consequential refund are to be granted in accordance with law. Case-Laws Income Tax Fri, 24 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470705