Income Tax dept updates ITR Forms 2 and 3 for claiming 87A tax rebate
It is important to note that eligible taxpayers who were previously unable to claim the Section 87A tax rebate can now do so ...
ITR FY2023-24: I-T dept updates ITR forms to claim 87A rebates; check steps how to go about the process
The Income Tax Department has released revised Excel utilities for ITR Forms 2 and 3. Additionally, the department has ...
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ITR filing: Technical glitch keeps Section 87A rebate unavailable for taxpayers
Taxpayers remain unable to claim the Section 87A rebate on STCG income due to outdated ITR processing logic, even after recent updates to filing forms by the Income Tax Department.
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ITR filing for FY23-24: How to claim section 87A rebate now with updated forms
To claim the Section 87A rebate, taxpayers must manually update the tax rebate column in the ITR Excel utility. After editing ...
Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch
Eligible taxpayers who have income up to Rs 5 lakh/7 lakh can claim tax rebate under section 87A up to Rs 12,500/25,000. The ...
No Section 87A tax rebate despite ITR filing forms being updated recently: How to claim Section 87A tax rebate with deadline ending on January 15, 2025
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 ...
Budget 2025: Compare Income Tax in Old vs. New Tax Regime, What Rate Cuts Are Expected?
The countdown for the union budget has officially begun as we enter the new year. As Finance Minister Nirmala Sitaraman will ...
Budget 2025: Income Tax Cut Likely; Know Current Rates, Slabs Under New Tax Regime Vs Old Tax Regime
Choosing between the New and Old Tax Regime depends on an individual’s financial profile. The New Tax Regime is more suitable ...
Tax rebate denied in July 2024? Revise your return by Jan 15 to claim the same
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.