Following the Bombay High Court order to extend the revised and belated income tax return (ITR) deadline to January 15, 2025, ...

With updates to ITR forms underway, eligible taxpayers can claim Section 87A rebates through revised filings by the extended ...

Taxpayers should note that these changes will only be implemented on the back end for the ITR-2 and ITR-3 forms.

Interim Relief for Claiming 87A Rebate AY 2024-25 1. Hon’ble Bombay High Court vide interim order dated 20/12/2024 directed ...

The decision comes after the Bombay High Court directed the IT department to extend the due date for claiming the benefit.

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.

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

The Bombay High Court has asked the Central Board of Direct Taxes (CBDT) to extend the deadline for filing revised and ...

The CBDT has extended the deadline for filing income tax returns for residents to January 15, 2025, from December 31, 2024, ...

The countdown for the union budget has officially begun as we enter the new year. As Finance Minister Nirmala Sitaraman will ...

The Bombay High Court has granted tax relief to taxpayers unable to claim rebates due to software changes in the income tax ...

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 ...