Rebate U/s 87A of The Income Tax Act | Online Gaming Income | Change on portal | CA Shweta Verma
Rebate U/s 87A of the Income Tax Act | Online Gaming Income | How to deal with demand | Change on portal | CA Shweta Verma On 5th July 2024 Gov announced sudden change in new tax regime regarding disallowance of sec 87A rebate from special rate incomes. Due to which several assessees getting demand notices regarding tax on special rates incomes. In this video we will understand: What is income from online gaming What is TDS u/s 194BA Tax rate on income from online gaming What is sec 115BBJ How assessee used to claim refund on online gaming What is Rebate u/s 87A Basic Exemption limit benefit available or not why assessees are getting demand notices Impact of that demand why to pay the demand new tax regime old tax regime change on portal how to pay tax from FY 2024-25 Form ITR2 / ITR3 Impact of sec 87A removal on online gaming income What is rebate u/s 87A What is online gaming income What is tax rate on online gaming income What is special rate of income What is the impact of sec 87A on online income What is the impact of 87A on special rate of income What is demand notice What is demand notice u/s 87A #rebate87a #incometaxact #incometaxdeduction #incometax #incometaxreturn #incometaxreturnfiling #incometaxnotices #rebate87a #specialincome #taxrates #changeonportal #incometaxportal #newtaxregime #oldtaxregime #stcg #ltcg #crypto #cryptocurrency #cryptotrading #incomefromothersources #incomefromlottery #lotteryincome #demandnotices #revisereturn #incometaxdemand #zerotax #FY2024-25 #incomefromothersources #incomefromonlinegaming #onlinegaming #dream11 #onlinegames #sec194ba #sec115BBJ #specialincome #specialtaxrates #removalof87A #rebate87a #rebate #rebatebenefit #fy2023-24 tax audit, budget 2024, direct tax, direct taxation, fy 24-25, direct tax code, income tax code, ca classes, chartered accountant, ca shweta verma, ca, ca final classes, ca foundation, ca inter, b.com, m.com, income tax, audit last date, direct taxes code, tax audit revision, tax audit limit for ay 2024-25, itr, free tax updates, 2024, 2025, last dates, notice, income tax refund, save money, financial advice, free updates, tds, section 194ib, sec194 ib, section 194, section 194i, sec 194i, TDS on Rent, Change in TDS Rate, new tds rate, slab rates, new slab rates, new tax regime, old tax regime, beneficial tax regime, income, income from salary, income from house property, income from business and profession, income from capital gains, income from other sources, penalties, notices, reply of notices, sec 87A rebate, mutual fund investment, financial advice, financial growth, financial expertise. Changes from 1st October 2024, budget 2024 impact, interim budget, taxation, gst, finance, sip investment, types of mutual funds, income tax refund, best investment option, best investment plan
