115BAC scheme for pentioner

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122 Points Posted on 07 July 2021
Sir
my client are pensioner and he is senior citizen. he can opt the sec.115BAC . for tax rebet
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On 07 July 2021 at 12:55 Report
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Quick Summary
This discussion clarifies whether pensioners, including senior citizens, can opt for the Section 115BAC tax scheme. It confirms that there are no specific restrictions for pensioners to choose this scheme. Individuals can decide to opt in or out of 115BAC each financial year.

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CMA
13117 Points Posted on 07 July 2021

As I understand, there is no restriction for pensioners to opt for 115BAC. So it can be opted I think.

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On 07 July 2021 at 20:30
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7 Points Posted on 04 August 2021

He/She can opt in or opt out of 115BAC every year.

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On 04 August 2021 at 17:39

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