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 section 87A tax rebate issue is of special interest and debate among taxpayers. The issue became so contentious that multiple court cases were filed against the tax department’s decision to ...

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

It is important to note that eligible taxpayers who were previously unable to claim the Section 87A tax rebate can now do so by filing a revised or belated income tax return (ITR) ...

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 ...

At present, small tax-payers with special rate income such as short-term capital gains are unable to claim the rebate under ...

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 ...