11-19-2007, 09:53 PM
Dear Khani,
You must have to tell me that what is source of income of this Rs. 600,000 per annum?
If it is profit on bank deposit, the age factor will not make any difference for the tax payer as bank profit is subject to final tax in which there is no concept of any reduction or credit for whatever reason including being a senior citizen (over 60 years).
If it is some other source of income, it would have to be seen in that perspective. You plz clarify your question to that extent.
Regards,
Kamran.
You must have to tell me that what is source of income of this Rs. 600,000 per annum?
If it is profit on bank deposit, the age factor will not make any difference for the tax payer as bank profit is subject to final tax in which there is no concept of any reduction or credit for whatever reason including being a senior citizen (over 60 years).
If it is some other source of income, it would have to be seen in that perspective. You plz clarify your question to that extent.
Regards,
Kamran.
