Tax rebate is another facility given by Income Tax Department which helps in saving tax. An individual resident of India, (including Senior Citizens) whosetotal taxable income does not exceed 5 lakh rupeesis entitled to a rebate of Rs 12,500 for FY 2019-20. Our articleIncome Tax Rebate unde...
CBDT: Sets Systematic approach to verify 'high-risk' refund claims AY 2024-25 The Income Tax Department has introduced a systematic approach to verify 'high-risk' refund claims for the AY 2024-25 (Financial Year 2023-24) based on a Standard Operating Procedure (SOP) issued by the Income ...