Income Tax : Explore how new tax rebate under Section 87A allows individuals to avoid tax on incomes up to Rs 12 lakh. Learn through illustrati...
Income Tax : Understanding the applicability of Section 87A rebate for capital gains under both the old and new tax regimes post-Budget 2025....
Income Tax : Learn about Section 87A rebate, new income limits, and tax relief updates for FY 2026-27, including increased rebates for taxpayer...
Income Tax : Budget 2025 brings new income tax slabs with benefits for the middle class, including higher exemptions, marginal relief, and a st...
Income Tax : Explore why the Income Tax Department is disallowing Section 87A rebate on capital gains under the new tax regime, leading to unex...
Income Tax : A PIL filed in Gujarat HC contests the denial of Section 87A rebate, highlighting unfair demands and confusion among middle-class ...
Income Tax : A PIL filed in Gujarat High Court contests the denial of the Income Tax rebate under Section 87A, impacting middle-class taxpayers...
Income Tax : ICAI requests CBDT to allow rebate u/s 87A on short-term and long-term capital gains under Sections 111A and 112, citing inconsist...
CA, CS, CMA : KSCAA addresses glitches in the Income Tax portal, highlighting challenges faced by taxpayers and professionals, in a representati...
Income Tax : आयकर पोर्टल की तकनीकी गड़बड़ियों के कारण करदाताओ...
Income Tax : Bombay HC clarifies that rebate under Section 87A can be adjudicated during assessment, not restricted at the threshold based on S...
Income Tax : Bombay HC examines Section 87A rebate issues due to ITR software changes post-July 2024, affecting taxpayers’ rights. Interim re...
Income Tax : In the Income-tax Rules, 1962, in Appendix II, in Form No. 15H in Part II, in note 10, the following proviso shall be inserted, na...
A PIL filed in Gujarat High Court contests the denial of the Income Tax rebate under Section 87A, impacting middle-class taxpayers across India.
Taxpayers receiving income tax notices for additional tax on capital gains due to changes in Section 87A interpretation, affecting STCG and LTCG exemption.
जानें क्यों आयकर विभाग ने केपिटल गेन पर अतिरिक्त कर जमा करने के नोटिस भेजे हैं और क्या ये सही हैं।
ICAI requests CBDT to allow rebate u/s 87A on short-term and long-term capital gains under Sections 111A and 112, citing inconsistency in income tax utility.
Learn the key changes in income tax slabs for AY 2024-25 & 2025-26 under section 115BAC, including standard deductions and new tax rates.
In Respect of exemptions, deduction etc Income Tax Act, 1961 imposes various threshold limit. Like in respect of Tax Rates or in respect of deduction under section 80C, 80D, 80U etc. Some of the Popular Limits are Tax Rates, Conveyance Allowance, HRA, Home Loan Interest, Deduction Under Section 80C, Leave Encashment, Gratuity, Medical Reimbursement etc. […]
Have questions about income tax payment? Read this article to find answers to frequently asked questions about income tax, including payment deadlines, income classification, gross total income, deductions, tax liability computation, and more.
KSCAA addresses glitches in the Income Tax portal, highlighting challenges faced by taxpayers and professionals, in a representation to CBDT on 22nd July 2024.
Explore the ongoing issues of tax rebate under Section 87A for short-term capital gains on shares, following the new utility release on July 5, 2024.
Explore controversy surrounding Section 87A of Income Tax Act and its impact on short-term capital gains. Learn why rebate was suddenly disallowed.
