Senior Citizens between 60 and 80 years of age and Very Senior Citizens above the age of 80 years enjoy additional tax benefits compared to those available to individuals below the age of 60 years.
10/07/2020, Source : Financial Express.
The government had announced some relief measures in relation to payment of taxes during the lockdown period. One such relief is reducing the interest liability on tax payments falling due between March 20 and June 29, but paid by June 30, 2020.
30/06/2020, Source : Financial Express
In view of the lockdown and restrictions due to the COVID 19 pandemic, the Government of India has recently announced certain relaxations on the timelines relating to statutory compliance matters.
30/06/2020, Source : Financial Express.