no 87A on STCG

154°
Deal Newbie
mieruko

Screenshot2024-09-24-12-40-31-87e2d5b3f32b79de1d45acd1fad96fbb0fincome below 5 lakh, yet 87A rebate not given on STCG
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Deal Cadet Deal Cadet
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gambling winning, online games, betting earnings, game show earnings, virtual digital assets, etc are not eligible for claiming rebate under section 87A,

If your income is only equity submit grievance

Deal Captain Deal Captain
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Many people are getting demand notice who have claimed 87A rebate on STCG under new regime. I guess paying demand is the only option as IT department is clearly denying the rebate.


What's your view @third.i.financial.advisors

Deal Lieutenant Deal Lieutenant
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We can't manually claim rebate under 87A. The ITR software automatically applies it, doesn't it?So I don't know why the notices are being sent.

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Tax Wizard Tax Wizard
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Notice maybe correct .. have to pay tax. ... are there any winnings ? 

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Deal Captain Deal Captain
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I have also received demand notice due to this rule change. 

Looks like the only option is that we have to pay that amount . 

This rule implemented on 5th of July and i have submitted my return on 04 july. 

Is there any thing I can do? 


Deal Captain Deal Captain
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@7H4NO5

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Deal Cadet Deal Cadet
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I also got demand notice of 11350 from ITD. I have only STCG along with salary.

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