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 is allowing eligible taxpayers to claim the section 87A tax rebate in updated ITR forms. This ...

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 ...

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 granted tax relief to taxpayers unable to claim rebates due to software changes in the income tax ...

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

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 ...

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

The Central Board of Direct Taxes (CBDT) has extended the deadline for filing belated and revised Income Tax Returns (ITRs) ...

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