senior citizen
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2010
If a person completes his 65 years in the month of November, 2010, then whether he will be treated as senior citizen for the Asst year 2010-11..??
Rahul Gupta
(Expert)
21 June 2010
Yes. A person will be treated as senior citizen, if ANY TIME during the year he crossed the senior citizen age limit.
21 June 2010
Assessee completes 65 in November 2010 ie., relating to the previous year(financial year) 2010-11. So benefit of senior citizen ship, under income tax Act 1961, can be availed only from assessment year 2011-12 onwards.
Message likes :
1 times
Rahul Gupta
(Expert)
21 June 2010
Yes Mr. Warrier is right. I didn't noticed the AY.
It is right that for IT Act, the person will be treated as senior citizen in FY of it attaining the age of 65 years, but the benefits for the same will be applicable in assessment year only. Accordingly, as said by Mr. Warrior, the benefits of Senior Citizen will be avaialbel for AY 2011-12.
Thanks Mr. Warrier for Pointing out.
Regards
It is right that for IT Act, the person will be treated as senior citizen in FY of it attaining the age of 65 years, but the benefits for the same will be applicable in assessment year only. Accordingly, as said by Mr. Warrior, the benefits of Senior Citizen will be avaialbel for AY 2011-12.
Thanks Mr. Warrier for Pointing out.
Regards
21 June 2010
agree with Mr.Warrier
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
