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 ...
ITR forms have been updated but Section 87A tax rebate is still being denied
"Taxpayers can currently only file belated or revised returns, excluding new filings that incorporate the 87A rebate. The ...
ITR filing: Approval for condonation of delay helps this taxpayer save over ₹3.42 lakh
The Income Tax Department can condone a delay in filing an ITR after the deadline lapses. If the department gives the nod, ...
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 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 ...
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ITR filing: Submit these investment proofs to claim deductions and save on TDS
Submitting tax-saving proofs on time not only reduces TDS but also streamlines your tax compliance. While the new tax regime ...
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Budget 2025: Easier ITR filing and tax dispute reduction expected, says report
Budget 2025 aims to simplify tax filing, reduce disputes, and foster a transparent, taxpayer-friendly system. The upcoming Union Budget 2025-26 is poised to introduce significant changes to India's ...
Union Budget 2025: Centre may take steps to simplify ITR filing process, says report
According to a report, Union Finance Minister Nirmala Sitharaman is set to announce an overhaul of the Income Tax Act of 1961 ...
Last opportunity for eligible taxpayers to claim 87A tax rebate: Why you must file revised/belated ITR before January 15, 2025
Following the Bombay High Court order to extend the revised and belated income tax return (ITR) deadline to January 15, 2025, ...
Attention taxpayers! You can now claim Section 87A rebate in updated ITR-2 and ITR-3 forms
The Income Tax Department is allowing eligible taxpayers to claim the section 87A tax rebate in updated ITR forms. This ...
Now, file rectification requests online for incorrect ITR processing
New feature added to the ITR portal streamlines rectification process, which previously required manual submissions and was ...