Section 87a
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 January 2015
Dear expert.
one my client. who is salary person having tax liability rs. 3500/-
and another who is running proprietorship business having tax liability rs 7800/-
Query is. details above mentioned can i take exemption rs 2000/- on my both of client as per sec.87a. plz. clrify.
one my client. who is salary person having tax liability rs. 3500/-
and another who is running proprietorship business having tax liability rs 7800/-
Query is. details above mentioned can i take exemption rs 2000/- on my both of client as per sec.87a. plz. clrify.
30 January 2015
https://taxguru.in/income-tax/rebate-section-87a-income-tax-act-1961.html
https://www.aubsp.com/2014/01/section-87a-individuals-tax-rebate.html
yes allowed to both since the total income does not exceed rs 5,00,000.
https://www.aubsp.com/2014/01/section-87a-individuals-tax-rebate.html
yes allowed to both since the total income does not exceed rs 5,00,000.
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 January 2015
Dear sampat.
yes both my client having total income less than 500000/- and tax liability before Deduction of 87A is 7800/-
After Deduction 2000/- as per 87A. Tax liability will be 5800/-
is this correct.
yes both my client having total income less than 500000/- and tax liability before Deduction of 87A is 7800/-
After Deduction 2000/- as per 87A. Tax liability will be 5800/-
is this correct.
30 January 2015
yes correct, u can check this from link:
https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.VMsj3NKUdie
https://www.caclubindia.com/forum/new-income-tax-rebate-rs-2000-sec-87a-241553.asp#.VMsj3NKUdie
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