https://www.taxtmi.com/article/detailed?id=2051 Proposed section 87A provides a rebate allowing an individual resident with total income up to five hundred thousand rupees a deduction from income tax equal to 100% of such tax or two thousand rupees, whichever is less. The draft treats the measure as a rebate limited to residents, while the Finance Minister's speech described it as a tax credit available to every person, creating a scope and drafting discrepancy. en-us Fri, 01 Mar 2013 12:35:17 +0530 Fri, 01 Mar 2013 12:35:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=2051 Proposed section 87A provides a rebate allowing an individual resident with total income up to five hundred thousand rupees a deduction from income tax equal to 100% of such tax or two thousand rupees, whichever is less. The draft treats the measure as a rebate limited to residents, while the Finance Minister's speech described it as a tax credit available to every person, creating a scope and drafting discrepancy. Articles Income Tax Fri, 01 Mar 2013 12:35:17 +0530 https://www.taxtmi.com/article/detailed?id=2051