Income tax slab
This query is : Resolved
Roshan V Koshy
(Querist)
07 June 2014
if an individual becomes a senior citizen in mid of financial year whether he will get benefit of 250000 slab for income tax purposes
Ganeshbabu K
(Expert)
07 June 2014
Yes, he is considered as Senior citizen.
As per Income Tax Act one who has Completed the Age of 60 years during the previous year or in a year Prior to that is a senior Citizen and one who has Completed the Age of 80 years during the previous year or in a year Prior to that is a super Senior Citizen.
As per Income Tax Act one who has Completed the Age of 60 years during the previous year or in a year Prior to that is a senior Citizen and one who has Completed the Age of 80 years during the previous year or in a year Prior to that is a super Senior Citizen.
07 June 2014
The assessee who at any time during the previous year attains the age of senior citizenship, shall be called as senior citizen for the purpose of the Income Tax Act.
07 June 2014
yes "at any time of the year includes any time bet Financial year"
Rupesh Jain
(Expert)
07 June 2014
yes under income tax age of person will consider at the end of year .then you can get senior citizen benefit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
