Tag: Senior Citizens
Govt. notifies increased interest rates for most of the Small Saving Schemes (KVP, SCSS, NSC, TD, MIS) for Q4, as compared to interest rates applicable for Q3 of FY …
Considering reports of frequent violations of SCSS Rules, the government has clarified certain concerns, relating to the premature closure of SCSS Accounts by banks/post offices, upon death of the …
CBDT clarifies the issue related to the determination of the status of individual taxpayers as “senior citizens” or “very senior citizens” based on the completion of their age of …
New IT Rule 12AB relating to conditions for mandatory filing of tax return (ITR), like business turnover exceeding Rs. 60 lacs, professional receipts exceeding Rs. 10 lacs, aggregate TDS/ …
The normal income tax rates or slabs, the Higher Education Cess (HEC), the surcharge, the basic exemption limit, etc. as applicable for AY 2020–21 have remained the same for …
In light of a technical group’s report that “more than 50% of senior citizens are found active,” the government has decided to create an IT portal called ‘Senior Able …
CBDT notifies the Income-tax (26th Amendment) Rules, 2021 to insert new IT Rule 26D regarding furnishing of declaration and evidence of claims by specified senior citizens in new IT …
CBDT clarifies the term ‘Specified Bank’ for the purpose of TDS u/s 194P in the case of Specified Senior Citizens (of age 75 or more having pension/ interest income …
New IT Section 194P relating to TDS in the case of senior citizens aged 75 or more, provides for responsibility of necessary deduction of tax at source by specified …
CBDT amends IT Rules to allow declaration in Form 15H for payment of certain income without TDS from a senior citizen whose income is higher than the basic exemption …
