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Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch

Finally good news is there for those taxpayers who are eligible to claim section 87A tax rebate but were prevented from claiming it post July 5, 2024. The Income Tax Department has now updated the ...
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87A and STCG: Will recent ITAT ruling on Section 87A allow taxpayer to claim 87A rebate on Short term capital gains while filing ITR?

The ITAT Ahmedabad ruled on August 13, 2025, that you can claim Section 87A tax rebate on special rate income such as short-term capital gains (STCG). The ITAT Ahmedabad pointed out that Section 87A, ...