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