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CS Executive · Tax Laws and Practice · Basic Concept of Income Tax

Which of the following assessees is eligible for the rebate under section 156 of the Income-tax Act, 2025?

A resident individual is eligible. Section 156 grants the rebate only to an assessee who is an individual resident in India, so non-resident individuals, HUFs and firms cannot claim it even if their total income is low.

  1. AA resident individualCorrect
  2. BA non-resident individual
  3. CA Hindu undivided family that is resident
  4. DA resident firm

Explanation

Section 156 speaks of an assessee being an individual resident in India in both sub-sections (1) and (2). A non-resident individual, HUF or firm does not fit this description, so only the resident individual qualifies.

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