Tag: rebate 87A
No restriction that Section 87A rebate is not available for short-term capital gains. In a recent judgment, ITAT Agra has held that there is no restriction in Section 111A or section 87A itself that for income determined in the form of short-term capital gains, rebate under Section 87A …
Return can be revised under section 139(5) to claim rebate u/s 87A not claimed in original return due to error and omission. In a recent judgment, ITAT Bengaluru has held revision of return of income u/s 139(5) was valid as there was error and omission in the original …
Section 87A Rebate for AY 2026-27 ( FY 2025-26 ) under New Tax Regime and Old Tax Regime as per Union Budget 2025-26. Amendment proposed, amount of rebate and eligibility. Section 87A Rebate for AY 2026-27 ( FY 2025-26 ). Union Finance Minister shall present Union Budget 2025-26 …
Section 87A Rebate for AY 2020-21. 100% rebate up to income of Rs. 5 lakhs Interim Budget 2019-20 has proposed 100 Percent tax rebate under section 87A of the Income Tax Act 1961 up to total income of Rs. 5 lakhs. Thus, after considering deduction available under section 80C, …
Rebate under section 87A for Assessment Year 2019-20 – No changes proposed No changes have been proposed by the Finance Bill 2018 in the rebate u/s 87A for AY 2019-20 100 percent Section 87A tax rebate up to income of Rs. 5 lakhs for AY 2020-21 Click Here >> The …
100 percent Section 87A tax rebate up to income of Rs. 5 lakhs for AY 2020-21 Click Here >> 87A Rebate given in earlier budgets is as under: (a) Rebate u/s 87A FY 2018-19, AY 2019-20 Click Here >> (b) Rebate under section 87A for AY 2018-19 Rebate under section 87A for …
