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...
आयकर पोर्टल की तकनीकी गड़बड़ियों के कारण करदाताओं को हो रही समस्याओं और आयकर रिटर्न दाखिल करने की समय सीमा बढ़ाने के लिए वित्त मंत्री श्रीमती निर्मला सीतारमण को अनुरोध।
Bikaner Tax Consultants Association seeks an extension of the Income Tax Return filing deadline due to ITD portal glitches and issues with Section 87A.
Faulty Income Tax Return (ITR) Filing Utility are currently enforcing incorrect income tax liability by not allowing legitimate claim for rebate under section 87A of the Income Tax Act for certain incomes.
The recent changes in the ITR filing utilities have created significant challenges for taxpayers eligible for the section 87A rebate. The Ministry of Finance needs to address this issue promptly to ensure fair and accurate tax assessments and avoid unnecessary disputes.
KSCAA addresses technical issues in the Income Tax Portal, urging CBDT for prompt resolution to ensure smooth filing of returns before the July 31 deadline.
Analysis of Sections 87A and 115BAC(1A) of the Income Tax Act, 1961, detailing their implications for taxpayers, including rebates and the new tax regime options.
AGFTC & ITBA urge Finance Minister to address Income Tax Portal issues, incorrect Section 87A relief interpretation, and extend ITR filing deadline for AY 2024-25.
Explore top tax-saving options beyond Section 80C for FY 2023-24, including NPS, health insurance premiums, medical expenses, home loan interest, electric vehicle purchases, charitable donations, savings account interest, and rebates.
Explore the controversial amendment to Section 87A of Income Tax Act, 1961 effective from AY 2024-25. Detailed analysis of its impact on tax liability and potential issues addressed. Learn how a drafting error may lead to unintended consequences.
Explore potential amendments to presumptive taxation, concerns about the New Tax Regime impact, and insights on Faceless Assessment in the recent interim budget. Understand the proposed withdrawal of outstanding demands and its implications.
