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

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

Bombay High Court had given an interim relief by ordering the tax department to extend the revised and belated ITR filing ...

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 Income Tax Dept has now updated the excel utility to allow 87A tax rebate ...

The Income Tax department has released Excel utilities in two major forms ITR2 and ITR3 for enabling taxpayers to claim the ...

It is important to note that eligible taxpayers who were previously unable to claim the Section 87A tax rebate can now do so by filing a revised or belated income tax return (ITR) ...

The quantum of maximum rebate under Section 87A is ₹12,500. So, in case the total tax before cess is less than ₹12,500 for an individual with a net taxable income of up to ₹ ...

At present, small tax-payers with special rate income such as short-term capital gains are unable to claim the rebate under ...

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 ...

It is also the last chance for other individual tax-payers who may have missed filing their returns by July 31, or spotted ...

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

What exactly is section 87A? This section of the Income Tax Act allows taxpayers to reap the benefits of the rebate system. A ...