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Direct Taxation
As per old regime rebate is applicable for income other than 112A by satisfying certain limits. As per the new regime, whether rebate is applicable for other special rated income? For example, Resident individual sold land (LTCG) of Rs. 5 lakhs (COA - Nil) on 31.12.24. Having no other income. What is the tax payable amount?
Answers (4)
Thread Starter
Balaji KSir, While filing an Income tax return I got this error popup saying rebate is not available (for 112), Shall I claim the rebate manually by ignoring this popup?
Income Tax portal is not allowing rebate for income taxable at special rates.