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CA Jasmeet Singh

In God We Trust, The... • 5m

Hey Tarun, These New rates are applicable only for the Individual opting for New Regime. Also these thresholds do not give benefit to the Special Rate Income like STCG/LTCG. Last Year's Bombay High Court decision was officially override by the Bill proposal. In simple words " Your STCG/LTCG shall be taxable at special rates only and wont be given the benefit of Rebate u/s 87A. I hope it's clear bhai.

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Didn't receive 87A rebate for FY 23-24 even after revised ruling. What is wrong with our FM. She is trying to loot us in every possible way. Anyone else, who didn't receive rebte for stcg/ltcg?

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