Rebate under section 87 a

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ASE
117 Points Posted on 16 August 2015

Hi All,

Is the 87 A rebate applicable for anyone whose total taxable income is less than 5 Lakhs ?

I have a friend who paid income tax of Rs 10000 in AY 2014 2015 , he didnt file ITR for AY 2014 2015.

Can he still claim this rebate and get refund of 2000  by filing belated return now ?

 

Thanks

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On 16 August 2015 at 21:01 Report
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Tax Consultation (US and India)
2970 Points Posted on 16 August 2015

Yes he can claim , file return u/s 139(4) . Not that this return can not be revised so be cautious

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On 16 August 2015 at 22:01
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Tax Consultation (US and India)
2970 Points Posted on 17 August 2015

I meant NOTE that return can not be revised, so be cautious

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On 17 August 2015 at 21:37
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ASE
117 Points Posted on 18 August 2015
Thanks for the clarification Sir.
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On 18 August 2015 at 00:03

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