https://www.taxtmi.com/caselaws?id=798899 For Assessment Year 2025-26, Section 87A grants a full rebate to a resident individual governed by Section 115BAC(1A) whose total income is within the prescribed limit, including against tax attributable to short-term capital gains taxable under Section 111A. The first proviso to Section 87A, applicable from Assessment Year 2024-25, contained no exclusion for special-rate income. The Finance Act 2025 exclusion of such income applies only from Assessment Year 2026-27 and does not affect Assessment Year 2025-26. Consequently, eligible taxpayers may claim the rebate against tax on qualifying short-term capital gains for that year. en-us Wed, 09 Sep 2026 00:00:00 +0530 Mon, 14 Sep 2026 08:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798899 For Assessment Year 2025-26, Section 87A grants a full rebate to a resident individual governed by Section 115BAC(1A) whose total income is within the prescribed limit, including against tax attributable to short-term capital gains taxable under Section 111A. The first proviso to Section 87A, applicable from Assessment Year 2024-25, contained no exclusion for special-rate income. The Finance Act 2025 exclusion of such income applies only from Assessment Year 2026-27 and does not affect Assessment Year 2025-26. Consequently, eligible taxpayers may claim the rebate against tax on qualifying short-term capital gains for that year. Case-Laws Income Tax Wed, 09 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798899