The best example for this analogy should be the recent section 87A tax rebate fiasco, where many taxpayers who filed ITR ...
The Bombay High Court has asked the Central Board of Direct Taxes (CBDT) to extend the deadline for filing revised and ...
The Bombay High Court has given a big order regarding ITR filing. Recently, the Bombay High Court has taken a big decision in ...
In the present case, Assessee is entitled to file a revised return computing rebate under section 87A, which would enable ...
This means that if the total tax payable is lower than Rs12,500, then that amount will be the rebate under section 87A. This rebate is applied to the total tax before adding the education cess of ...
The Bombay High Court has granted tax relief to taxpayers unable to claim rebates due to software changes in the income tax ...
The court observed that recent changes to the Income Tax Department’s utility software prevented eligible taxpayers from ...
A million tax filers will soon get a letter from the IRS indicating they have money coming to them because they were eligible to receive the 2021 Recovery Rebate Credit but didn’t claim it on their ...
A Public Interest Litigation (PIL) filed by The Chamber of Tax Consultants challenged disabling of Section 87A rebate claims through the filing utility. The PIL, contended that changes made to the ...
Rebate under 87A is a very useful section of the income tax law in India. Knowing about it can help you save on your taxes. Never hesitate to learn To understand the basics of the income tax law ...
Form 15H requires a declaration by the taxpayer to the effect that the tax on his estimated total income for the relevant ...
The Bombay high court directed the Central Board of Direct Taxes (CBDT) to extend the date for e-filing of belated income tax returns for taxpayers required to file by 31, 2024. Belated return, a last ...