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 ...

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 ...

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

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

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 ...

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 ...

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

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

Financial services such as mutual fund transactions, life insurance premiums, and demat account maintenance charges currently ...

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 ...