The ITR filing utilites for ITR-2 and ITR-3 has been updated on January 4, 2025 however, the JSON schema is not yet updated ...
The Income Tax department has released Excel utilities in two major forms ITR2 and ITR3 for enabling taxpayers to claim the ...
The last date to file a revised income tax return (ITR) is January 15, 2025 as per the order of the Honourable Bombay High ...
To claim the Section 87A rebate, taxpayers must manually update the tax rebate column in the ITR Excel utility. After editing ...
It is important to note that eligible taxpayers who were previously unable to claim the Section 87A tax rebate can now do so ...
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 ...
It is also the last chance for other individual tax-payers who may have missed filing their returns by July 31, or spotted ...
The Income Tax Department has released revised Excel utilities for ITR Forms 2 and 3. Additionally, the department has ...
What exactly is section 87A? This section of the Income Tax Act allows taxpayers to reap the benefits of the rebate system. A ...
The quantum of maximum rebate under Section 87A is ₹12,500. So, in case the total tax before cess is less than ₹12,500 for an ...
At present, small tax-payers with special rate income such as short-term capital gains are unable to claim the rebate under ...
By strategically utilizing deductions under the Old Tax Regime, salaried individuals can legally reduce their income tax to ...