Top Tweets for #87a
More Sprint Cars ready to roll at @Ogilvie_Raceway!
#10 Trevor Serbus
#33 Scott Broty
#87A Austin Hartmann
#91 @ReedAllex91
WHEN TO USE THIS?
✅ Income <12L/5L
✅ You have big expenses
✅ You have losses to set off
WHEN NOT TO?
❌ Big LTCG + 30% slab #Incometax #87A
BUT 3 CATCHES:
1. You lose 12.5% LTCG rate. Now pay slab rate 5%-30%
2. Tax Audit if turnover > ₹1Cr
3.Must be consistent. Can’t flip every year #Incometax #87A
EXAMPLE:
Profit from shares = ₹11,00,000.
No other income.
As LTCG: Tax = ₹1,21,875
As Business: Tax = ₹50,000 - ₹25,000 87A = ₹25,000
SAVING = ₹96,875 🔥#Incometax #87A
WHY DO THIS? 3 BIG BENEFITS:
1. 87A NOW WORKS If total income < ₹12L new / <₹5L old → Tax = ZERO
2.CLAIM EXPENSES Brokerage, STT, Internet, Laptop. Not allowed in CG.
BETTER LOSS SET-OFF
3. Business Loss can be set off against other incomes
Capital Loss cannot.#Incometax #87A
THE HACK"LEGAL":
Income Tax Act lets you treat share trading/investing as
"BUSINESS INCOME" instead of "CAPITAL GAINS" Legal. Allowed. Ref: CBDT Circular 6/2016
You can switch once in lifetime.
#Incometax #87A
☝️THE PROBLEM:
Sec 87A gives 0 tax upto ₹12L in new regime.
BUT it does NOT work on:
STCG @20% u/s 111A
LTCG @12.5% u/s 112A So even at ₹10L income, if ₹2L is LTCG → you pay tax 😭 #Incometax #87A
⚡️Earning less than ₹12L but STILL paying tax on your Tax on STCG/LTCG on securities?
💡Here’s a legal tax "hack" most wont know about it
👇
#Incometax #87A
#Budget2026: #HUFs miss out on #87A rebate — Expert calls for fair #taxreformwahala
Read Here: https://t.co/ebGyLlnmJd
The Middle Class Budget Wishlist
1️⃣ No LTCG: Abolish the 12.5% tax on long-term equity gains.
2️⃣ STCG @ 10%: Lower 10% rate for short-term equity gains.
3️⃣ Universal 87A Rebate: Allow the rebate on ALL income types.
#Budget2026 #IncomeTax #StockMarket #MiddleClass #87A
Claimed Section #87A #tax rebate on STCG? Expect a tax demand notice from I-T dept; Here’s what you can do
#incometax
https://t.co/q9z7SApzd0
Great news! The ITAT Ahmedabad has ruled that you can claim the 87A tax rebate on short-term capital gains (under Sec 111A) in the new regime—if your total income is within ₹7 lakh for AY 2025-26. #TaxRelief #IncomeTax #87A #STCG
Rebate u/s 87A applies even on STCG u/s 111A (New Regime, AY 24-25).
CIT(A) & ITAT in favour of assessee.
Now CPC must Remove Demand / Issue Refund (as applicable) suo moto! 💸
What is your view?🤔
#IncomeTax #ITR #Taxpayer #NewRegime #87A #STCG
S.87A rebate allowed by ITAT Ahmedabad - also considered the CIT(A)'s order in my mother's case (Beena Manishbhai Fofaria)..
Pls check: https://t.co/e9e8B0IvuJ
#india #tax #IncomeTax #incometaxindia #advocacy #lawyer #ca #charteredaccountant #87A #rebate
Hon’Bombay HC has decided, that the Taxpayers cannot be barred digitally to claim such deductions,
But they have made the point clear, that whether such deductions should be allowed will be at the discretion of ITD.
#87A #Rebate #87ARebate
Taxpayers can now claim 87A tax rebate on special income as ITR utility software has been fixed, but its subject to disputes and litigations
https://t.co/eDa3UgCLZ0
#87A #incometax #ITAct #IncomeTaxAct #incometaxfiling #incometaxreturn
Last Seen Hashtags on Sotwe
Most Popular Users
Elon Musk 
@elonmusk
241.5M followers
Barack Obama
@barackobama
119.1M followers
Cristiano Ronaldo
@cristiano
113.5M followers
Donald J. Trump
@realdonaldtrump
111.8M followers
Narendra Modi
@narendramodi
107.2M followers
Rihanna
@rihanna
98.5M followers
NASA
@nasa
92.3M followers
Justin Bieber
@justinbieber
91.7M followers
KATY PERRY
@katyperry
89.5M followers
Taylor Swift
@taylorswift13
83.4M followers
Lady Gaga
@ladygaga
74.9M followers
Virat Kohli
@imvkohli
72.6M followers
Kim Kardashian
@kimkardashian
70.7M followers
YouTube
@youtube
68.8M followers
Neymar Jr
@neymarjr
65.5M followers
Bill Gates
@billgates
64.8M followers
Selena Gomez
@selenagomez
62.5M followers
The Ellen Show
@theellenshow
62.3M followers
CNN
@cnn
61.8M followers
X
@x
60.8M followers