Applicablity of rebate u/s 87a
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 March 2014
Dear Sir,
As per Sec. 87A individuals having Income upto Rs. 5lacs are entitled for rebate of Rs. 2,000/-
I am not very much clear that, it is applicable for FY 2013-14 or 2014-15. When i checked online at incometaxindia.gov.in, it is clearlt mention that it is appl. w.e.f. 01-04-2014, however some writeup says it is available for FY 2013-14.
Pls clarify
Thx
Rahul
As per Sec. 87A individuals having Income upto Rs. 5lacs are entitled for rebate of Rs. 2,000/-
I am not very much clear that, it is applicable for FY 2013-14 or 2014-15. When i checked online at incometaxindia.gov.in, it is clearlt mention that it is appl. w.e.f. 01-04-2014, however some writeup says it is available for FY 2013-14.
Pls clarify
Thx
Rahul
05 March 2014
it is applicable for FY 13-14 i.e AY 14-15 SINCE it was ammended in Finanace ACT 2013.
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