Bombay High Court finds Income Tax Department's restriction on rebate claims for certain income types to be unfair and ...

The 67 page Bombay High Court judgement says yes taxpayers should be given the option to file their ITR with Section 87A ...

Experts demand 87A tax rebate increase, accessible home loans, income tax slabs linked with inflation and others from the FM.

The Bombay High Court on Friday cleared the path for eligible taxpayers to claim the rebate under Section 87A of the Income ...

The last date to file a revised income tax return (ITR) is January 15, 2025 as per the order of the Honourable Bombay High Court. CBDT also issued a notification about the same. Experts suggest ...

What is the difference between revised and belated ITR? Revised ITR can be filed by a taxpayer who has filed his/her original ...

On July 5, 2024, updates to the online utility for filing income tax returns blocked eligible individuals from claiming the Section 87A rebate. This provision allows individuals earning up to Rs 7 ...

In this write-up, we present our predictions for Budget 2025 — offering practical insights into what taxpayers can truly ...

With only two days to go before the deadline to file revised income tax return (ITR) for FY 2023-24 expires, taxpayers can claim tax rebate under section 87A. Notably, the income tax department ...

Experts recommend clarifying that the rebate should apply to both normal and special income, with exceptions for certain ...

The Income-Tax (I-T) Department is allowing taxpayers who qualify for the section 87A tax rebate for FY24 to now claim it in the updated Income-Tax Return (ITR) forms — ITR-2 and ITR-3 ...