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

Income Tax Rebate: "The updated utilities for ITR forms 2 and 3 giving effect to the Circular No. 21 dated 31st December 2024 ...

With updates to ITR forms underway, eligible taxpayers can claim Section 87A rebates through revised filings by the extended ...

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

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

The Honourable Bombay High Court said recently, "​By way of interim relief, the... Central Board of Direct Taxes is hereby ...

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

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.

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

MUMBAI: Scores of taxpayers, including the salaried, who were unable to claim an income-tax rebate in their tax returns for ...

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