1. Hon’ble Bombay High Court vide interim order dated 20/12/2024 directed CBDT to issue the requisite notification and extend the deadline for the revised and belated ITR filing date till 15/01/2025.

"This extension is to ensure that all taxpayers are eligible for the rebate under Section 87A.", the court said.

The Bombay High Court has asked the Central Board of Direct Taxes (CBDT) to extend the deadline for filing revised and ...

The Honourable Bombay High Court said recently, "​By way of interim relief, the... Central Board of Direct Taxes is hereby ...

No increase has been announced in the tax rebate under Section 87A of the Income-tax Act in the Budget 2024. Tax rebate under Section 87A makes tax payable zero if an individual's taxable income ...

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 ...

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 ...

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 ...

Form 15H requires a declaration by the taxpayer to the effect that the tax on his estimated total income for the relevant ...