Section 87A rebate

How do I get credit for US taxes in India? | Mint

TheSpuzz Desk1 month ago05 mins

Source: Live Mint I returned to India for retirement after Covid and now qualify as a resident for FY25. Most of my investments are in long-term US stocks. In the past calendar year, I realized capital gains of about $4,000 (approximately ₹3.5 lakh) from selling US stocks and earned dividend income of $3,000 (approximately ₹2.6…

Attention taxpayers! You can now claim Section 87A rebate in updated ITR-2 and ITR-3 forms | Mint

TheSpuzz Desk4 months ago04 mins

Source: Live Mint The Income-Tax (I-T) Department is allowing taxpayers who qualify for the section 87A tax rebate for FY24 to now claim it in the updated Income-Tax Return (ITR) forms — ITR-2 and ITR-3, according to a report by Business Today. Eligible taxpayers will soon be able to submit a revised or belated income…