24 March 2015
Whether rebate u/s 87A has to be shown in Form 16 seperately. As the format of form 16 available on income tax site does not shown seperate rebate u/s 87A. Pls guide
You can get conclusion with the above link already provided by CA Club. Rebate is different from Deductions and Exemptions, hence if the taxable limited to 5 lakhs we can apply this 87A section and can show separately in the form 16
CAclubindia
