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Rebate u/s 87A
Can Rebate U/s 87A be allowed on tax on incomes with special rates... LTCG @ 20%, STCG @ 15% N IFOS @ 30%??
Replies (2)
YES ELIGIBLE FOR REBATE 87A IF ,
GROSS TOTAL INCOME LESS DEDUCTIONS U/C VI-A IS OR LESS THAN 5,00,000 >> REBATE IS RS 5,000 FOR A/Y 2017-18
GROSS TOTAL INCOME LESS DEDUCTIONS U/C VI-A IS OR LESS THAN 3,50,000 >> REBATE IS RS 2,500 FOR A/Y 2018-19
only to Individuals and HUF.
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