https://www.taxtmi.com/highlights?id=104546 Section 87A rebate was treated, for the pre-restriction period discussed, as available against income-tax on total income, including tax on short-term capital gains subject to special-rate taxation, where a resident individual met the new-regime eligibility conditions. The distinction between special-rate computation and rebate availability was central: the special-rate provision determined tax on qualifying gains but contained no express rebate exclusion. By contrast, the express exclusion for specified long-term capital gains supported the view that a similar restriction could not be implied for short-term gains. Later statutory language limiting the rebate was prospective and requires separate assessment where applicable. en-us Mon, 05 Oct 2026 16:41:48 +0530 Mon, 05 Oct 2026 16:41:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=104546 Section 87A rebate was treated, for the pre-restriction period discussed, as available against income-tax on total income, including tax on short-term capital gains subject to special-rate taxation, where a resident individual met the new-regime eligibility conditions. The distinction between special-rate computation and rebate availability was central: the special-rate provision determined tax on qualifying gains but contained no express rebate exclusion. By contrast, the express exclusion for specified long-term capital gains supported the view that a similar restriction could not be implied for short-term gains. Later statutory language limiting the rebate was prospective and requires separate assessment where applicable. Highlights Income Tax Mon, 05 Oct 2026 16:41:48 +0530 https://www.taxtmi.com/highlights?id=104546