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U/s 87a
wheather HUF can claim rebate under section 87A?plz reply
Replies (8)
No, only resident individual can claim this rebate.
no.... rebate under 87A is only for Individuals....
Rebate can be given on resident individual whose net income is <5,00,000 in the py. Rebate =either of given 2.1)100%tax or 2)2000 Rs which ever is lower
Weather in total income includes agriculture income also?
Total income should be less than 500000 means net total income after deductions u/c VI A or gross total income should be less than 500000?
Pavan,
Agricultural Income is included In total Income for Calculating rebate u/s 87
Suyash,
It is Total Income After Deduction under Chapter VIA.
Thanku for your replies sir.
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