The Bombay High Court on Friday cleared the path for eligible taxpayers to claim the rebate under Section 87A of the Income ...

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

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

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

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

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

The necessary back end software related changes in the online ITR form will be made shortly to give effect to this (87A rebate claim). Under section 87A of the Income Tax Act, 1961, eligible taxpayers ...