LTCG will be considered for 87A relief as part of total income for FY 2024-25 / AY 2025-26

amit (Software Consultant) (107 Points)

28 March 2025  

Hi CAs,

Need urgent help in planning for LTCG for this FY 2024-25/ AY2025-26

Earlier, we used to get 87A relief for total income upto particular threshold (suppose currently 7 Lakh), that included LTCG from stocks as well

If same continued for current FY 2024-25/ AY 2025-26 as well....to plan LTCG

Illustration 

if other taxable income is say 3.5 Lakh +LTCG 3 Lakh=6.5 Lakh < 7 Lakh

Income tax = 0 (after applying 87A rebate for income upto INR 7 Lakh )

Please confimr if above calc is correct for this FY2024-25/AY2025-26

 

BTW, understand as per budget for next FY2025-26 (LTCG is excluded from 87A relief) 

 

Thanks in Advance