Rebate under section 87a

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 May 2015 Mr x has total income 165000 including casual income of 45000.Please suggest rebate under section 87A allowed or not.

09 May 2015 Yup Rebate will b allowed if NTA is less then Rs. 5 laks.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 May 2015 In case of only casual income is less than 5 Lac than also rebate under section 87A allowed.

11 May 2015 the words used under sec 87A is " total income" so includes all heads of income and not only casual income.

https://taxguru.in/income-tax/availability-rebate-87a-fy-201415-ay-201516.html

check this for more details.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details