Taxpayers can now claim 87A tax rebate on special income as ITR utility software has been fixed; but it's subject to disputes and litigations

Final judgement on 87A tax rebate claim: The 67 page Bombay High Court judgement says yes taxpayers should be given the option to file their ITR with Section 87A rebate claim and the income tax department wrongly prevented this by modifying the tax utility post July 5, 2024. However, whether to honour such Section 87A tax rebate claims or not the Bombay HC said we need to decide this as and when scrutiny cases arise.

from Tax-Wealth-Economic Times https://ift.tt/qhpT3Gd