Thursday, May 23, 2019

Form 15H can be furnished if no tax payable on income after sec. 87A rebate: CBDT

Since the section 87A was amended by the Finance Act, 2019, to provide full tax rebate to taxpayers earning total income up to Rs. 5 lakhs, the CBDT made the consequent amendment in Form 15H used for furnishing declaration for nil deduction of tax in case of senior citizens. Now, rebate u/s 87A shall be allowed while furnishing Form 15H declaration.

from taxmann.com News http://bit.ly/2WmBqia

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...