Recent budgets have overhauled debt fund taxation, impacting how conservative hybrid funds are treated. Today's Ask Wallet Wise query decodes how they are taxed and whether a rebate under Section 87A ...

I am a resident individual with a total income of Rs 15 lakh for FY26, comprising: Rs 12 lakh from rent and interest income (taxable at normal slab rates), and Rs 3 lakh from long-term capital gains ...

Will the Ahmedabad tax tribunal's ruling allowing section 87A rebate on STCG offer clarity to taxpayers? The ambiguity over whether small taxpayers’ special rate income – particularly, short-term ...

The Income Tax Return (ITR) filing season is in full swing. Like every year, taxpayers while filing their ITRs grapple with issues related to forms, rules or eligibility to claim certain deductions ...

Please answer this based on Finance Bill 2025, new tax regime. A resident individual has a total income of ₹15 lakh for for FY26 — ₹12 lakh from rent/interest and ₹3 lakh from long-term capital gains ...

The weekly rent for 4/87A Birriga Road, Bellevue Hill is $1000 per week. When is 4/87A Birriga Road, Bellevue Hill available to rent? 4/87A Birriga Road, Bellevue Hill is available to rent from Friday ...

Even 50 years into his career, Rick Springfield dreams in music. The title track of his first new studio album since 2018, “Automatic,” seeped into his brain at 3 a.m., prompting Springfield to get up ...

The Central Board of Direct Taxes (CBDT) has recently announced a significant change to the tax rebate calculation under Section 87A for the fiscal year 2025-26. According to the latest guidelines ...

Tax rebate under Section 87A helps taxpayers lower their tax liability under both tax regimes – old and new. Before July 5, taxpayers were allowed to claim this rebate on even special-rate incomes, ...

Mumbai: The Bombay High Court has paved the way for eligible taxpayers to claim the rebate under Section 87A of the Income Tax Act, 1961, for the assessment year 2024-25 and beyond. A bench of ...

The last day (the belated deadline) for filing your income tax return (ITR) for the assessment year 2024-25 is Wednesday, January 15, 2025. This came to pass after the Income Tax Department renewed ...

With only two days to go before the deadline to file revised income tax return (ITR) for FY 2023-24 expires, taxpayers can claim tax rebate under section 87A. Notably, the income tax department ...