see the indian income tax act for the age of seniority
2007-02-01 16:58:05 · 3 answers · asked by MANOJ M 1 in Business & Finance ➔ Taxes ➔ India
The answer given by Mr.Suresh.B is not correct.
The answer given by Apurav.a is 100% right.
2007-02-03 04:37:27 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The provision of the income tax act says that if the person attains the age of 65 at any time during the Financial Year then he is regarded as Senior Citizen in the eyes of law.
But remember the Financial year means that if you are completing your 65 years in the FY starting 1/4/05 - 31/03/2006 then you would be eligible to be called SC in the return for the FY 2005-06 to be filled in the Assessment Year 2006-07 (ie from 01/04/06 - 31/03/07)
For more contact me at agarwalapurav@yahoo.co.in
2007-02-02 05:30:13 · answer #2 · answered by apurav a 3 · 0⤊ 0⤋
65 for man
60for women
2007-02-02 01:03:24 · answer #3 · answered by suresh b 3 · 0⤊ 0⤋