Section 194P I Relaxation for Senior Citizen for Income Tax Return Filling

Last updated: 11 February 2021
Quick Summary
This document explains Section 194P of the Income Tax Act, which offers relaxation for senior citizens aged 75 and above from filing income tax returns. It outlines the conditions, such as being a resident with pension income and interest from the pension-paying bank, and the process involving a declaration to a specified bank. This aims to simplify tax compliance for eligible elderly individuals, with the changes effective from 1st April 2021.

File details
DOCX 44 KB 0 downloads Income Tax
File description
Detail description about section 194P #docx
Download DOCX 44 KB Like
Submitted by · Posted 11 February 2021 · Other files by rajat jain · Report
Comments

Recent Files in Income Tax

View more →
PDF

Guidance Note on Tax Audit u/s 44AB of the IT Act, 1961 - Revised 2026 Edition

08 August 2026 Download
PDF

Taxation And Other Laws (Amendment) Bill, 2026

08 August 2026 Download
PDF

FAQs: Taxation and Other Laws (Amendment) Bill, 2026

04 August 2026 Download
PDF

Foreign Assets Information User Guide - Version 1.0 (July 2026)

18 July 2026 Download
PDF

Significant changes in the Guidance Note on Tax Audit under Section 44AB of IT Act 1961

10 July 2026 Download
PDF

FAQs on FIIs Exemption

08 June 2026 Download

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Richa BajoriaRicha BajoriaPro Member sumitsumitPro Member MiteshMiteshPro Member vairavvairavPro Member ashvini tripathiashvini tripathi
Subscribe to Pro
Join an elite circle of professionals


Popular Files


  1. RBI issues Consolidated Supervisory Directions
  2. RBI releases Handbook of Statistics on the Indian Economy 2025-26
  3. Review of Guidelines on Concentration Risk Management - Rural Co-operative Banks
  4. RBI issues Basel Pillar 3 Disclosures for Banks
  5. Guidance Note on Tax Audit u/s 44AB of the IT Act, 1961 - Revised 2026 Edition
  6. Taxation And Other Laws (Amendment) Bill, 2026
  7. FAQs: Taxation and Other Laws (Amendment) Bill, 2026
  8. ICAI | 77th Annual Report and Accounts for FY 2025-26