A PERSON WILL RETIRE ON 1.3.2013 i. e. HE WILL COMPLETE 60 YEAR ON 1.3.2013 WHETER HE WILL ELIGIBLE FOR SR. CITIZEN INCOME TAX RATE SLAB. PLEASE CLEAR IT
Dinesh Singh (CA Final Student) (38 Points)
04 February 2013A PERSON WILL RETIRE ON 1.3.2013 i. e. HE WILL COMPLETE 60 YEAR ON 1.3.2013 WHETER HE WILL ELIGIBLE FOR SR. CITIZEN INCOME TAX RATE SLAB. PLEASE CLEAR IT
Urvashi Saini
(Difference between Peak Performers & everyone else is what "everyone else" thinks)
(1494 Points)
Replied 04 February 2013
Yes... because as per Income tax Act 1932 ... Person should be of 60 years in previous year at any time...
CAclubindia
