A person is turning to 65 years on 8th April 2010, will he be considered senior citizen for filling income tax return for the F.Y. 2010-2011 or will be treated as normal individual under the current income tax rules?
4 Replies
CA. Ashish Bihani
(C.A.)
(307 Points)
Replied 05 April 2010
Dear Ravi, that individual will be treated as Senior Citizen as the Act says the person completing 65 years of age anytime during the previous year is Senior Citizen.
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 05 April 2010
Yes. If date of birth is in between 1-4-1945 and 31-3-1946, then only he/she will become a Senior Citizen for this financial year 2010-11. That means every one who's date of birth is below 31-3-1946 are Senior citizens.
regards,
ratan
Max Payne
(employed)
(2574 Points)
Replied 05 April 2010
He will be senior citizen for the FY 2010-11
Under the Income Tax Act, a senior citizen is a person who at any time during the previous year has attained the age of 65 years or more.
CA Ravi Sisodia
(CA,CS,CMA)
(32226 Points)
Replied 05 April 2010
He will be senior citizen for the FY 2010-11 or for AY 2011-12.
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