Newly inserted sec. 87a
This query is : Resolved
Nishtha Narielwala
(Querist)
05 March 2013
Hi!
The newly inserted section 87A gives a tax credit of Rs.2000/- if the total income of the assessee is within the slab of Rs.2 Lacs to Rs.5 Lacs. This total income is to be considered after deductions under ch.VI-A ?
Kindly Help !
Thank You!
The newly inserted section 87A gives a tax credit of Rs.2000/- if the total income of the assessee is within the slab of Rs.2 Lacs to Rs.5 Lacs. This total income is to be considered after deductions under ch.VI-A ?
Kindly Help !
Thank You!
CA Suraj Lakhotia
(Expert)
06 March 2013
Total income is to be considered after deductions under chapter VI-A
Message likes :
1 times
Guest
Guest
(Expert)
06 March 2013
The meaning of Total Income shall always be considered after chapter VI-A.
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