Jignesh Harjivanbhai Chikani

Section 87A Rebate Cannot be Disallowed Against STCG If Income Is Below Rs 7 Lakh: ITAT The ITAT Rajkot, in a recent significant ruling, held that a taxpayer cannot be restricted from Section 87A if its total income does not exceed the threshold of Rs 7 lakh. It ruled that no restriction applies to STCG…