TMI BlogAmendment of section 87X X X X Extracts X X X X X X X X Extracts X X X X ..... ection 88 , the words, figures and letter section 87A or section 88 shall be substituted. - Clauses 19 and 20 of the Bill seek to amend section 87 and insert a new section 87A in the Income-tax Act relating to rebate of income-tax in case of certain individuals. The proposed new section 87A seeks to provide that an assessee, being an individual resident in India, whose total income does not exceed ..... X X X X Extracts X X X X X X X X Extracts X X X X
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