SENIOR CITIZEN ABOVE THE AGE OF 80 YEARS

sabyasachi mukherjee (26351 Points)

08 March 2021  
A senior citizen above the age of 80 years has income from short term capital gains.
Though he is not personally engaged in trading in shares.
But his successors.

Any short term capital gains is subject to tax @ 15%.
so now the senior citizen has to file returns which overrides the announcement in the budget that senior citizen need not file return .