1. Hon’ble Bombay High Court vide interim order dated 20/12/2024 directed CBDT to issue the requisite notification and extend the deadline for the revised and belated ITR filing date till 15/01/2025.

The Honourable Bombay High Court said recently, "​By way of interim relief, the... Central Board of Direct Taxes is hereby directed to forthwith issue requisite notification under Section 119 of the ...

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

"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 ...

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 ...

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 ...

In the New Tax Regime, individuals with income up to Rs 7 lakh are eligible for a rebate u/s 87A, resulting in a tax liability of Nil. Additionally, under this regime, a Standard Deduction ...

The court observed that recent changes to the Income Tax Department’s utility software prevented eligible taxpayers from ...