n NISM Certifications
X NISM Series X
Medium

Under Section 112A, which section's rebate is not applicable on long-term capital gains from listed equity shares?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    80C

  2. B

    80FF

  3. 87A

    Correct answer

  4. D

    87GE

Why this is the answer

The rebate under Section 87A is not available for tax on long-term capital gains arising from the transfer of listed equity shares under section 112A.

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