Why i am not getting rebate under section 87a


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
25 July 2014 my income form salary is - 162000
income from business - 179373
income from os (interest)- 756
total - 342129
less deduction 80c and d -(26500)
net income - 315629
tds deducted u/s 194c - 8901


in this computation while filing return i am unable to get rebate under section 87a

pls help in the matter..

25 July 2014 sec 87A benefit is not available for those having business income as it only for salaried person upto 5 lakhs and int icnome upto 10,000

25 July 2014 i think there is some error.
you must get the benefit.
check whether ur PAN number is not of LLP, HUF, Company or partnership firm?
if ur PAN is for individual, i feel u must get the benefit.


25 July 2014 Tushar - where does section 87A say so??? never heard about any such restriction.


25 July 2014 Dear Querist,

kindly download a fresh ITR4 and refill. you are eligible for 87A deduction in full.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
28 July 2014 thank you all for reply..
that issue is resolved , i think issue was in utility..

28 July 2014 welcome, happy to help you.

29 July 2014 sorry i gave the ans thinking for that non filling return and got mixed up with sec 87A.

it is allowed to any assessee whose total income is less then 5,00,000.


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



Answer Query



Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details