No tax on up to Rs 50,000 interest for senior citizens

​​​In a notification issued on December 6, it has clarified that no TDS has to be deducted under section 194-A of the Income Tax (I-T) Act i... thumbnail 1 summary
​​​In a notification issued on December 6, it has clarified that no TDS has to be deducted under section 194-A of the Income Tax (I-T) Act in the hands of senior citizens, unless their interest income in the aggregate exceeds Rs 50,000 in a year.

from The Times of India https://ift.tt/2rvjMYy

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