By: P.C.Mathaikutty

P.C.Mathaikutty — Wed, 10 Feb 2021 08:17:23 +0000

Seemingly the announcement that pensioners aged 75 and above are exempted from filing IT returns,is a big relief for the aged pensioners.But reportedly there is a restriction for getting this relief ,that is ,the relief will be admissible only if pension and interest on deposits should be payable through the same bank.If so pensioners who are having deposits in different banks ,if they want to avail the concession,have to close their deposits even prematurely and re deposit it in the same bank through which pension is being disbursed.Pensioners aged 75 and above ,normally suffer from many ailments and even loss of memory.How far the said proposal is beneficial to them ,is a matter of doubt.

Comments on: Union Budget 2021 – Senior Citizens above 75 years of Age, Having Pension & Interest Income exempted from Filing Tax Return

By: P.C.Mathaikutty