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 ...

The ITR filing utilites for ITR-2 and ITR-3 has been updated on January 4, 2025 however, the JSON schema is not yet updated and it still reflects logic as of July 5, 2024. This means you can file a ...

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

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

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 ₹ ...

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 ...

The clock is ticking for late ITR filing! Avoid penalties by filing your return now. Here's everything you need to know about ...

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 ...