Rebate u/s 87a
This query is : Resolved
23 February 2014
In the DT Module of Oct 2013, under dtaa chapter, rebate u/s 87A is availed, although it is omitted long back....
what to do ????
whether it is to be considered????
what to do ????
whether it is to be considered????
23 February 2014
Dear Charmi,
please refer to updated Act. 87A has been reintroduced wef 1 April 2014.
As on today it reads as:
"87A. An assessee, being an individual resident in India, whose total income does not exceed five hundred thousand rupees, shall be entitled to a deduction, from the amount of income-tax (as computed before allowing the deductions under this Chapter) on his total income with which he is chargeable for any assessment year, of an amount equal to hundred per cent of such income-tax or an amount of two thousand rupees, whichever is less."
please refer to updated Act. 87A has been reintroduced wef 1 April 2014.
As on today it reads as:
"87A. An assessee, being an individual resident in India, whose total income does not exceed five hundred thousand rupees, shall be entitled to a deduction, from the amount of income-tax (as computed before allowing the deductions under this Chapter) on his total income with which he is chargeable for any assessment year, of an amount equal to hundred per cent of such income-tax or an amount of two thousand rupees, whichever is less."
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- PAN Migration to New AO
- How to open attachment in 23ac xbrl
- Excess TDS Paid - Form 26QC
- Capital gains LTCG
- Input Tax Credit Puf panels
- Gifts in cash
- Validity of Transfer Pricing Notice u/s 92CA(2)
- Tds rate on loan given to a firm from personal file
- Gst calculation of Rs. 250000/-
- Partnership deed reconstitution in how much stamp paper in uttar pradesh
- TDS u/s 194-IA on the Home Loan Disbursement Amount
- Clarification on Notification No. 40/2017-Central Tax (Rate)
- Form 26QB - Details to filled
- REGARDING GST AMNESTY SCHEME
- Difference in taxation of company leased car
- Real Estate Transaction Structuring with Power of attorney & Beneficial Ownership
- ITC available on QIP Expenses
- EBRC Generation
- AS-16 Treatment of Borrowing cost for land and building
- HSN Wise Summary Reporting in GSTR-1
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
