All tax professionals, please note! Important update.
Rebate wont be allowed on 111A incomes or special rate incomes. We are expected to file the ITR with the tax payment and proceed.
Rebate u/s 111A not allowed inspite of TI < 7 lacs.
First image: Bare Act section 87A being compared with 112A sub-section (6) where clearly stated that rebate not available.
Second image: Bare Act section 87A being compared with 111A where no where mentioned that rebate is not available.
