Rebate under Section 87A increased, raising the maximum rebate amount effective from the finance amendment. Amendment increases the statutory rebate under Section 87A of the Income-tax Act by substituting the prior monetary ceiling of two thousand rupees with five thousand rupees, thereby expanding the maximum rebate available to eligible taxpayers; the change takes effect from the commencement date specified in the Finance Act, 2016.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Rebate under Section 87A increased, raising the maximum rebate amount effective from the finance amendment.
Amendment increases the statutory rebate under Section 87A of the Income-tax Act by substituting the prior monetary ceiling of two thousand rupees with five thousand rupees, thereby expanding the maximum rebate available to eligible taxpayers; the change takes effect from the commencement date specified in the Finance Act, 2016.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.