Rebate u/s 87A

Direct Taxation

Residual income is 456000 Tax there on is 10300 Capital gain under section 112A is 350000 Tax there on is 35000 In this scenario rebate u/s 87A can be availed or not? If yes, how much can be availed

Ashfaq Ahmed

CA Final

★ 24K+

13-Mar-22 16:52

611

Answers (1)

Income exceeded 500000 hence rebate is not allowed as per Sec 87A

Kedhar Nath

CA Final

★ 24K+

13-Mar-22 20:12