Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch
Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500/25,000. The ...
Income Tax dept updates ITR Forms 2 and 3 for claiming 87A tax rebate
It is important to note that eligible taxpayers who were previously unable to claim the Section 87A tax rebate can now do so ...
ITR FY2023-24: I-T dept updates ITR forms to claim 87A rebates; check steps how to go about the process
The Income Tax Department has released revised Excel utilities for ITR Forms 2 and 3. Additionally, the department has ...
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ITR filing for FY23-24: How to claim section 87A rebate now with updated forms
To claim the Section 87A rebate, taxpayers must manually update the tax rebate column in the ITR Excel utility. After editing ...
ITR forms have been updated but Section 87A tax rebate is still being denied
"Taxpayers can currently only file belated or revised returns, excluding new filings that incorporate the 87A rebate. The ...
Tax Guru7d
Interim Relief for Claiming 87A Rebate AY 2024-25
Interim Relief for Claiming 87A Rebate AY 2024-25 1. Hon’ble Bombay High Court vide interim order dated 20/12/2024 directed ...
ITR filing: Taxpayers can now claim rebate under Section 87A; updated ITR forms 2, 3 to be available shortly
Taxpayers should note that these changes will only be implemented on the back end for the ITR-2 and ITR-3 forms.
India Today on MSN5d
Missed income tax section 87A rebate? Here's your chance to claim it for FY 2023-24
With updates to ITR forms underway, eligible taxpayers can claim Section 87A rebates through revised filings by the extended ...
Good News For Taxpayers! Now, You Can Claim Tax Rebate Under Section 87A; Eligibility, Benefits, How To Claim?
The decision comes after the Bombay High Court directed the IT department to extend the due date for claiming the benefit.
Tax filing deadline to be extended till Jan 15 for some: Know who benefits
The Bombay High Court has asked the Central Board of Direct Taxes (CBDT) to extend the deadline for filing revised and ...
Tax rebate denied in July 2024? Revise your return by Jan 15 to claim the same
Even if your return has been processed and you have received a refund or paid any additional tax that may have been demanded, you can revise your return.
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Attention taxpayers! You can now claim Section 87A rebate in updated ITR-2 and ITR-3 forms
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 ...