Ketan Gondaliya (Asst. Manager) (57 Points)
12 December 2013ABC is a employee of XYZ Ltd. Now ABC become a senior citizen from 15-12-13. Wheher we consider him as Senior Citizen for FY 2013-14 for full year OR such period as he became Senior Citizen (i.e. Prorata) for calculating his Income Tax Liability
Need your valuable suggestion please
Neljo Davis ACA
(Consultant)
(630 Points)
Replied 12 December 2013
"Senior citizen” means an individual resident in India who is of the age of sixty years or more at any time during the relevant previous year. You can consider him as Senior Citizen for the full year for calculating his Income Tax Liability.
CAclubindia
