Can a HUF claim rebate u/s 87A?
6 Replies
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 03 May 2018
87A rebate is only allowed to individuals
CA Shanky garg
(Practicing Chartered Accountant)
(217 Points)
Replied 03 May 2018
No, HUF can not avail rebate u/s 87A. It is available for Resident Individuals only.
manoj
(student)
(5205 Points)
Replied 03 May 2018
You can claim the rebate if you satisfy both the following conditions:
You are a RESIDENT INDIVIDUAL; and
Your Total Income Less Deductions (under Section 80) is equal to or less than Rs 3,50,000.
The rebate is limited to Rs 2,500. Which means if the total tax payable is lower than Rs 2,500, such lower amount of tax will be the rebate under section 87A. This rebate is applied on total tax before adding Education Cess(3%).
Deepika Yadav
(561 Points)
Replied 03 May 2018
No, HUF cannot claim rebate u/S 87 A
rebate u/S 87 A is allowed to resident individual whose total income is less than 350000 for A. Y. 2018-19
rebate u/S 87 A is allowed to resident individual whose total income is less than 350000 for A. Y. 2018-19
CA Neha Parani
(practicing CA and faculty at ICAI)
(36 Points)
Replied 05 May 2018
No, Only Resident individual with GTI less than 3.5 lakhs can get benefit of rebate u/s 87 A...
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