Chartered Accountant Abhas Halakhandi, writing on X (formerly known as Twitter) has recently brought attention to a concern regarding the denial of the Section 87A tax rebate to eligible taxpayers.

You will end up paying income tax despite income under Rs 12 lakh if it includes special rate incomes as 87A rebate will not ...

The Income Tax Appellate Tribunal (ITAT) Ahmedabad's recent ruling has brought a significant development for taxpayers seeking relief under Section 87A for short-term capital gains (STCG) taxation.

The Central Board of Direct Taxes (CBDT) has issued a new circular clarifying the treatment of Section 87A rebates claimed against income taxed at special rates, such as short-term capital gains (STCG ...

Recent budgets have overhauled debt fund taxation, impacting how conservative hybrid funds are treated. Today's Ask Wallet Wise query decodes how they are taxed and whether a rebate under Section 87A ...