Claimed Section 87A tax rebate on STCG? Expect a tax demand notice from I-T dept; Here’s what you can do

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Taxpayers who claimed Section 87A rebate on special incomes like STCG before July 5, 2024, may receive tax demand notices due to rectifications by the Income Tax Department. While Circular No. 13/2025 waives interest if the demand is paid by December 31, 2025, taxpayers can appeal, citing favorable ITAT decisions.

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Claimed Section 87A tax rebate on STCG? Expect a tax demand notice from I-T dept; Here’s what you can do

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