New Income Tax Return Rule: Senior Citizens above 75 years exempted from ITR filing
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This piece of news is for those senior citizens who are above 75 years and they only have pension and interest as their only source of income. They will now be exempted from filing the income tax returns (ITR) for the fiscal year 2021-22. In its notification, the Central Board of Direct Taxes (CBDT) has revealed several rules and declaration forms that would be filled by specified banks.