Tuesday, July 19, 2022

Which senior citizens are no longer required to file ITR?

Budget 2021 announced an exemption from the ITR filing process for senior citizens above a certain age. This exemption is available to senior citizens provide they satisfy certain conditions. If the specified conditions are met, he/she is required to submit a declaration during the previous year (i.e. in which income is earned) to claim ITR filing exemption.

from Tax-Wealth-Economic Times https://ift.tt/THkbJOP

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