Senior citizens above 75 years can avoid filing ITR from next year

Senior citizens above 75 years can avoid filing ITR from next year

The Finance Act, 2021, has inserted Section 194P in the Income-Tax Act, 1961, exempting senior citizens of 75 years or above from filing ITR, provided they fulfil certain conditions.

 

In this Business Standard article, Dr. Suresh Surana, Founder, RSM India, talks about the benefits of not filing ITR that will be available from next year.

 

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