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Section 87 – Income Tax Act, 1961

Income Tax Act, 1961

 

Section 87. REBATE TO BE ALLOWED IN COMPUTING INCOME-TAX.

 

(1) In computing the amount of income-tax on the total income of an assessee with which he is chargeable for any assessment year, there shall be allowed from the amount of income-tax (as computed before allowing the deductions under this Chapter), in accordance with and subject to the provisions of sections 88, 88A and 88B, the deductions specified in those sections. 

 

(2) The aggregate amount of the deductions under section 88 or section 88A or section 88B shall not, in any case, exceed the amount of income-tax (as computed before allowing the deductions under this Chapter) on the total income of the assessee with which he is chargeable for any assessment year.

 

Related Judements

 

DR. (MRs.) RENUKA DATLA v. COMMISSIONER OF INCOME-TAX & ANR.

 

 

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Income Tax Act, 1961 

 

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