INCOME TAX REFUND

INCOME TAX RETURN: NO ITR for 75+ years old Taxpayers w.e.f. A.Y. 2022-23

In order to provide big relief, to the senior citizens aged 75 or above from IT filing, Ministry has introduced Section 194P in the Income-Tax Act, 1961via the Finance Act 2021. New Section 194P is applicable from 1st day of April 2021. They can give a simple declaration to his/her bank to get exemption from …

INCOME TAX RETURN: NO ITR for 75+ years old Taxpayers w.e.f. A.Y. 2022-23 Read More »