ITAT Mumbai allowed Section 87A rebate on STCG taxable under Section 111A for AY 2024-25 and directed CPC to recompute tax ...

Income-tax returns: Filing your ITR for AY27 / FY26, here's how much rebate you can claim under Section 87A of the I-T Act. We explain the eligibility criteria, tax regime details and rules for ...

Even with a zero tax liability due to the Section 87A rebate, filing an income tax return (ITR) may be necessary. Your ...

In the revised new tax regime applicable for the Financial Year 2025-26, you can get a maximum Rs 60,000 tax rebate under ...

Capital gains, lottery winnings, horse race winnings and online gaming income continue to be taxed at special rates even if ...

Confused about Rs 12,500, Rs 25,000, or Rs 60,000? Here’s what you can actually claim as Section 87A rebate for FY24 ...

Income limit for rebate of income tax under the new tax regime has been raised to ₹12 lakh. AI Quick Read All Indian taxpayers are required to file their income tax returns (ITR) and while the ...

Even if your Form 16 shows zero tax payable due to the Section 87A rebate, filing an Income Tax Return (ITR) might still be mandatory. Certain income levels, high-value transactions like significant ...

Under the old Income Tax Act, 1961, the regime operated under three separate provisions. The new Income Tax Act, 2025 ...

NRIs must file ITR if Indian income exceeds Rs. 4 lakh or to claim excess TDS refunds, with Section 87A rebate unavailable to ...