Rebate us 87A
CHAITRI SUDHAKARBHAI KHAROD (ARTICLE) (752 Points)
11 January 2020my question is that if I have other incomes with income us 112A... whether I am eligible for rebate? ?
CHAITRI SUDHAKARBHAI KHAROD (ARTICLE) (752 Points)
11 January 2020
CMA M.Keerthi chandra
(C.A FINAL STUDENT AND QUALIFIED C.M.A)
(561 Points)
Replied 11 January 2020
Your doubt is squarely covered U/s 112A(6) which states that the rebate U/s 87A shall be allowed from the Income Tax on Total Income as reduced by the tax payable on such capital gains.
Hence forth you are eligible.