Ask me anything about Union Budget 2025

Taxation
42

From what date this change applies? Today?

43

Debt funds are not at a special rate. So they continue as normal and applicable for rebate like salary, FD income

1 Like
44

Since the benefits of 87A aren’t available for stcg on equity shares anymore, can we report stcg as business income and avail benefits of Presumptive income on that?

45

Hey @KD61

The change will become applicable from April 01, 2025 i.e. next financial year.

Thanks

46

@Quicko please reply on this

47

Hello @Ravi_Shankar

Yes rebate u/s 87A is not available against the special rate Income. Thus you need to pay tax on LTCG even if it is 7 lakhs.

However, you can claim basic exemption limit of 4 lakhs under the new regime in case you do not have any other income. Also, LTCG up to 1.25 lakhs is exempt which means if you do not have any other income, LTCG up to 5.25 lakhs is exempt under the new tax regime.

Thanks

1 Like
48

Call it total income (salary + LTCG)?