You will end up paying income tax despite income under Rs 12 lakh if it includes special rate incomes as 87A rebate will not help to make the tax liability zero. Budget 2025 has now specified that ...

Tax rebate under Section 87A was not given on special rate income like STCG since July 5, 2024. Many taxpayers who could ...

Uncertainty over the Section 87A rebate on capital gains has led to tax notices for several taxpayers. Here’s what experts ...

Tax rebate under Section 87A helps taxpayers lower their tax liability under both tax regimes – old and new. Before July 5, taxpayers were allowed to claim this rebate on even special-rate ...

Under the provision of Section 87A, Indian resident person, whose income is not more than Rs. 5,00,000, will get deduction of 100% of the tax payable by him. In other words an individual who earns up ...

From Donald Trump delaying Canada, Mexico tariffs for goods under USMC to the Section 87A rebate confusion with taxpayers with capital gains are receiving notices — Here are the top 11 news stories ...