Monday, September 2, 2024

No income tax rebate u/s 87A despite total income below Rs 7 lakh in these cases

Tax rebate: No tax rebate is given if you have long term capital gains (LTCG). However, in some situations even if you filed your ITR carefully and claimed the right deductions still section 87A tax rebate can be denied to you. Read below to know why is this so and when is tax rebate under section 87A given.

from Tax-Wealth-Economic Times https://ift.tt/wk7ndsh

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