The ITR filing utilites for ITR-2 and ITR-3 has been updated on January 4, 2025 however, the JSON schema is not yet updated ...
Following the Bombay High Court order to extend the revised and belated income tax return (ITR) deadline to January 15, 2025, ...
Taxpayers should note that these changes will only be implemented on the back end for the ITR-2 and ITR-3 forms.
The decision comes after the Bombay High Court directed the IT department to extend the due date for claiming the benefit.
With updates to ITR forms underway, eligible taxpayers can claim Section 87A rebates through revised filings by the extended ...
Interim Relief for Claiming 87A Rebate AY 2024-25 1. Hon’ble Bombay High Court vide interim order dated 20/12/2024 directed ...
The Bombay High Court has asked the Central Board of Direct Taxes (CBDT) to extend the deadline for filing revised and ...
Section 87A, in its entirety, was proposed in the Finance Bill of 2013 to provide a tax relief to individual taxpayers who fall under the tax slab of 10%. Since then, the act has undergone ...
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 ...
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 ...