Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500/25,000. The ...

It is important to note that eligible taxpayers who were previously unable to claim the Section 87A tax rebate can now do so ...

The Income Tax Department has released revised Excel utilities for ITR Forms 2 and 3. Additionally, the department has ...

To claim the Section 87A rebate, taxpayers must manually update the tax rebate column in the ITR Excel utility. After editing ...

"Taxpayers can currently only file belated or revised returns, excluding new filings that incorporate the 87A rebate. The ...

Taxpayers should note that these changes will only be implemented on the back end for the ITR-2 and ITR-3 forms.

With updates to ITR forms underway, eligible taxpayers can claim Section 87A rebates through revised filings by the extended ...

The decision comes after the Bombay High Court directed the IT department to extend the due date for claiming the benefit.

Interim Relief for Claiming 87A Rebate AY 2024-25 1. Hon’ble Bombay High Court vide interim order dated 20/12/2024 directed ...

Even if your return has been processed and you have received a refund or paid any additional tax that may have been demanded, you can revise your return.

then that amount will be the rebate under section 87A. This rebate is applied to the total tax before adding the education cess of 4% Following are a few examples of the 87A rebate allowed to ...

The Bombay High Court has asked the Central Board of Direct Taxes (CBDT) to extend the deadline for filing revised and ...