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

The Income Tax Department has announced good news for taxpayers who are eligible to claim section 87A tax rebate for FY ...

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

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

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

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

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

Rebate under 87A is a very useful section of the income tax law in India. Knowing about it can help you save on your taxes. Never hesitate to learn To understand the basics of the income tax law ...

"This extension is to ensure that all taxpayers are eligible for the rebate under Section 87A.", the court said.

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

The Income-Tax (I-T) Department is allowing taxpayers who qualify for the section 87A tax rebate for FY24 to now claim it in the updated Income-Tax Return (ITR) forms — ITR-2 and ITR-3 ...