ITR filing deadline: Last date to claim Section 87A tax rebate; do it now by filing revised ITR on or before January 15, 2025

Income tax deadline: The last date to file a revised income tax return (ITR) is January 15, 2025 as per the order of the Honourable Bombay High Court. CBDT also issued a notification about the same. Experts suggest taxpayers to utilise this deadline to file a revised ITR to claim section 87A tax rebate if eligible. Section 87A tax rebate reduced your tax liability to nil.

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