Whether rebate of rs.2000/= is available in fy 2014-15
This query is : Resolved
24 December 2014
Respected Sir
In FY 2013-14, there was deduction of rebate of Rs.2000/=. In FY 2014-15, same rebate is available or not? IF yes, please give me details regarding under which section? Further, condition for rebate apply.
In FY 2013-14, there was deduction of rebate of Rs.2000/=. In FY 2014-15, same rebate is available or not? IF yes, please give me details regarding under which section? Further, condition for rebate apply.
24 December 2014
refer sec87A as there is no sunset claused announced in Finance act no2 2014 so hence it is allowed,
25 December 2014
YES U/S 87A REBATE WILL AVAIBLE WHE TAXABLE INCOME IS BELOW RS. 5 LACS
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