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 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 ...

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

One the critical aspects of this has been Section 87A of the Income Tax Act,1961. What exactly is section 87A? This section of the Income Tax Act allows taxpayers to reap the benefits of the ...

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

Rebate under 87A is a very useful section of the income tax law in India. Knowing about it can help you save on your taxes. Never hesitate to learn To understand the basics of the income tax law ...

The government might extend the tax exemption for individual contributions to NPS under the new tax regime, along with several other projected deductions.

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

MUMBAI: Scores of taxpayers, including the salaried, who were unable to claim an income-tax (I-T) rebate in their tax returns ...

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 ...