Rebate under Section 87A Allowed on STCG Taxed under Section 111A

In the case of Jayshreeben Jayantibhai Palsana vs. ITO, the Ahmedabad Income Tax Appellate Tribunal (ITAT) ruled that a resident individual with a total income below ₹7,00,000 is entitled to a full tax rebate under Section 87A, even if their entire tax liability comes from short-term cap

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