The Honourable Bombay High Court said recently, "​By way of interim relief, the... Central Board of Direct Taxes is hereby directed to forthwith issue requisite notification under Section 119 of the ...

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.

In the present case, Assessee is entitled to file a revised return computing rebate under section 87A, which would enable ...

Usually, an individual having income less than Rs 7 lakh and filing ITR under the new tax regime is eligible for tax rebate ...

MUMBAI: Scores of taxpayers, including the salaried, who were unable to claim an income-tax rebate in their tax returns for ...

then that amount will be the rebate under section 87A. This rebate is applied to the total tax before adding the education cess of 4% Following are a few examples of the 87A rebate allowed to ...

The court observed that recent changes to the Income Tax Department’s utility software prevented eligible taxpayers from ...

In the New Tax Regime, individuals with income up to Rs 7 lakh are eligible for a rebate u/s 87A, resulting in a tax liability of Nil. Additionally, under this regime, a Standard Deduction ...