hi
my uncle turned 60 years on 7th march 2013 and he has retired from service on 31st March 2013. Will he be considered as senior citizen for purpose of tax calculation?
Thanks.
Menu
Senrio citizen age
Replies (3)
Yes. Assessee should be at the age of 60 yrs or more at any time during the previous year. so your uncle is considered as senior citizen for AY 2013-14.
Even if your uncle had turned 60 on 31 march 2013 .He would have been a senior citizen so the answer is yes
Yes, as per the Income Tax Act for claiming various benefits for a senior citizen, the assessee should attain the age of 60 AT ANY TIME DUTING THE PREVIOUS YEAR.
Recent Topics :
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
Related Topics :
CAclubindia
