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REBATE U/S 87A

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3 Points Posted on 15 September 2019
Is there any condition that rebate u/s 87A is not allowed on LTCG u/s 112A
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On 15 September 2019 at 20:57 Report
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154 Points Posted on 15 September 2019
NO,
there is no such conditions..
only thing is for 87A rebate your total income should be below 350000/-
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On 15 September 2019 at 21:57
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61 Points Posted on 15 September 2019
There is conditions as follows :
available to resident
if gross total income upto 350000 upto AY 2019-20
If total income upto 500000 from AY 2020-21

There is no other condition other than that for claiming rebate u/s 87A.
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On 15 September 2019 at 22:06
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17264 Points Posted on 16 September 2019
The Tax rebate of Rs 2,500 for individuals with income of up to Rs 3.5 Lakh for AY 2019-2020.

The rebate u/s 87A has now been revised to Rs 12,500 with income upto Rs 5 lakhs for FY 2019-20 / AY 2020-21
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On 16 September 2019 at 00:05


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