Agricultural income u/s 87a rebate of rs. 2000/-
This query is : Resolved
13 March 2014
Hi
Friends
one of the assesse his total income excluding agricultural income not exceed Rs. 500000/-
Then assesse is eligible or not for Rebate U/s 87A.
Friends
one of the assesse his total income excluding agricultural income not exceed Rs. 500000/-
Then assesse is eligible or not for Rebate U/s 87A.
13 March 2014
Eligible for rebate if the income is taxable.
13 March 2014
Sir
is it eligible that assessee both
Agricultural rebate and rebate u/s 87A.
is it eligible that assessee both
Agricultural rebate and rebate u/s 87A.
13 March 2014
yes, possible. Assessee can claim both rebates. (For a clear understanding, please provide the exact figures of income.)
Message likes :
2 times
13 March 2014
you can avail 87A if taxable income not exceeds 5 lakhs
.
.
for more refer
.
.
https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.UyGRtPQW11a
.
.
for more refer
.
.
https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.UyGRtPQW11a
13 March 2014
Assesse income details
Salary Net income Rs. 1,73,400
House property Nat income Rs. 4,23,304
Other source income Rs. 26,000
Agricultural income Net Rs. 29,30.431
Savings Rs. 18,020
Salary Net income Rs. 1,73,400
House property Nat income Rs. 4,23,304
Other source income Rs. 26,000
Agricultural income Net Rs. 29,30.431
Savings Rs. 18,020
13 March 2014
can avail as taxable income is less than 5 lakh
Message likes :
1 times
13 March 2014
Yes you can avail both deductions
Message likes :
1 times
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