The Section 87A rebate, a key provision in India’s income tax law, has sparked confusion among taxpayers, especially those with capital gains income. While Budget 2025 increased the rebate limit to ...

The Section 87A rebate, a key provision in India’s income tax law, has sparked confusion among taxpayers, especially those with capital gains income. While Budget 2025 increased the rebate limit to ...

Team USA celebrates winning the gold medal during the Artistic Gymnastics Women's Team Final during the Olympic Games Paris 2024. © 2025 Fortune Media IP Limited ...

The Mumbai bench of Commissioner of Income-tax (Appeals) has decided in the favour of Section 87A tax rebate on special rate incomes. The CIT (A) Mumbai held on February 27, 2025 that Section 87A ...

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Tax rebate under Section 87A helps taxpayers lower their tax liability under both tax regimes – old and new. Before July 5, taxpayers were allowed to claim this rebate on even special-rate ...

Owners Greg Stevens and Stephanie Stevens Turini, the fourth generation of their family to run the business, are retiring. Heritage Restaurant Group plans to keep the restaurant running with its ...

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Now, the CBDT has released the ‘key highlights of the Finance Bill, 2025’, explaining that the capital gains will excluded from calculating the Section 87A rebate. According to the CBDT document, ...

Summary: The debate over Section 87A continues even after Budget 2025, as tax professionals and authorities remain divided on its interpretation. The key change introduced in the Finance Bill, 2025, ...

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