Senior citizens pension is not an income. Pension is given for survival after service by loosing 35 to 40 years of his quality life...It is unfair after paying tax through out his life Govt. expects tax on pension also... It is ridiculous and unfair... Some reforms are to be done in this aspect. Let Sr. Citizens live peacefully later part of retirement...
To CMS VR DR.PAWAN JAISWAL KINDLY CLARIFY IF THE ACCRUED INTEREST ON FDRS ETC IS ALSO TO BE INCLUDED AS INCOME FROM OTHER SOURCES IN ADDITION TO NORMAL INTEREST AT THE TIME OF FILING ITR-1 S K PURI
"Relaxation in Scrutiny for Senior Citizens : This class of citizens will not be subjected to tax scrutiny unless a tax officer has reasonable evidence of wrongdoing. This is applicable to seniors and small taxpayers who use ITR-1 and ITR-2 to file their returns according to the Income Tax Department notification reference 402/92/2006-MC (07 of 2011)." from help.allindiaitr.com/hc/en-us/articles/115003714611-Tax-Sops-for-Senior-Citizens
Thank you sir for giving valuable information.but sir give video for fy 2021 _ 2021 AY 2021_2022 for senior citizen IT computation Waiting for your video of same.
Is there any cost circular or under which section of it act cases will not fall under scrutiny of senior citizen , who has INCOME other than business and profession, kindly provide.
Salary Hume milti hai aur tax bhi pay karte hain saal ke antaral.kuch jama kia paisa agar FD me dale to fir Jana punji ki TDs kati jati hain.tax kia compounding hain bhai Sab .reply
Namaskar. Sr. Citi. Ko self assessment kar TDs deposit karane ko kahna gaya hain. Naye provision bhi aaya hain. F y 2019_20 . All F D's in one bank. Interest income gross is taxable. After availing benefits of diff. Sect(s) . Taxable income is not taxable. But bank will deduct TDs. & deposit with RBI. refund can be claimed & will come in due course of time. CAN. WE SUBMIT FORM 15 H TO BANK , NOT TO DEDUCT THE TDS. a complete study on all related section to be studied and reply in nut Shell
Dr sir how r u ? Liked all your discussed .simple and up to the mark and also easy to absorb. I would like to know when we eat in hotel without a/c or home delivery of food - whether GST chargeable in bill or not ? Kindly clarify.thanks regards.
For senior citizen ...scrutiny exemption please give circular no. And for which ass .year? Please inform. Or inform your phone no.and email address for further communication. Dept. Is not aware of such thing.
I filed my Return for A.Y 2018-19 in time.In the Assessment that I received,a Demand Notice for Rs.380000/- was issued.The IT officer ignored the TDS on my income from FD with Banks though 26 AS has clearly shown this figures. My CA filed for rectification but the Order was not repealed.Since then CA for rectification 2 nd and 3rd time but still nothing has been and the Demand Notice continues to be issued.I am a Super Senior Citizen Having received a Certificate Of being an honest Taxpayer and still this is the treatment meted out to me .What should I do ? Sunil Dalal
Madam ....I request u to file ur grievance on e- nivarana. ....or through cp gram.....u will get ur problem solved within one month ...if not solved apply again....I am dam sure it will be resolved within 1 month..... M in income tax department....
sir there are crores of pensioners who depend on their livelihood on fd interest...in the current situation by reduction of interest rate they have suffered loss of about 30% of income...then again with the soaring essential commodity prices it turns out that one suffers a hit of nearly 50 to 55% making it difficult to survive and God forbid if you fall sick !!! could the government please give a thought to this ....
सर जी भारत सरकार ने सीनियर सिटीजन के लिए दो पेनसल योजना निकाली है। (1) प्रधान मंत्री वय वंदना योजना । (2) सीनियर सिटीजन सेविंग स्कीम । दोनो ही योजनाओ मे अधिक तम पन्द्रह लाख जमा करा सकते है। मान्यवर मुझे बताने का कष्ट करे। कि एक व्यक्ति दोनो योजनाओ मे पन्द्रह पन्द्रह लाख रूपए जमा कर सकता है क्या ।
I am a pensioner but got notice under section 143(1)a . My PPF investment was ignored. Why can't IT department provide a facility to upload proof? Or ask for PPF account number to verify? Let them allow us to add proof in the return itself. This notice proves that our system is cumbersome because filling a reply is a big problem for people like me. I hope our finance minister will take notice of my comment
स्क्रूटिनी से छुटकारा तो नहीं मिला मेरा डिमांड नोटिस जारी कर दिया मैं भी सीनियर सिटीजन हूं और सैल्फ ऐसैसमैंट से टैक्स पे किया है फिर भी इसलिए ये झूठी बात है कि सी सि को छूट दी है
Sir meri ma ki umar abhi 78 varsh he or unhone 2012 me ak khet jo ki nagrpalika se 8km dur jisko becha he jiski rajistri 28.5 L ki hui vo pesa unhone apne 5 bacho bant diya Lekin abhi 22/10/19 ko 142(1) ka notis Mila he hm kya kre
I have sold a property worth 40 lacs capital gain is about 35 lacs after 20 years. Should I deposited in the bank as FDR or should I purchase I t. Exemption bonds or I can utilise it in the marriage of grand-daughter. . I am 81 years old.
So Govt has reposed faith in Sr Citizen tax payers.It is now the turn of all below 60 years to be honest & tax compliant & contribute to nation building.
while welcoming the non scrutiny of it return f senior citizen pl confirm a return submitted by a enior citizen requiring refund willbeacgtedupon or simply recorded by it authorities.
What is the age of senior citizens According to information received it's sixty but some offices are applying our own law and telling it's sixty five Commonman don't understand and he is helpless In Maharashtra if you travel by buswyou will not get concession or benefits of senior citizens unless your age is abovesixty five against the government rule of sixty years So no laws are followed please look inttif somebody is interested and having knowledge about the matter Thank you for the information and video Wish you best wishes and good health Have a nice day
Jai ho Jai ho Jai ho
Modi ji Yun hi Duniyame No. 1
Nahi bane............. 🤚 kadar dano ka khoob khoob 🤚
Jai ho Jai ho Jai ho .
bjp Jai ho .
🌼❤🌼
I am thankful for the information of senior citizen.
नई जानकारी के लिए आपको बहुत-बहुत धन्यवाद
Adarneeya aap ki bharpoor sarahna kartey hain bahut hee jankari I t ke sambandh mein batlaya dhanyavad
Very well information for Senior citizens case thanks for updates
Who are exempt from scrutiny:-
1.having age more than 60 years while submitting itr.
2. Having age more than 60 years while notice issued.
Thank you very much for this good information.
Thanks for this information God bless you
Finance Department ko senior citizens ki taraf se very very thanks
Many many thanks sir for Ur this very useful information.. 🙏
Excellent information. Thanks.
Senior citizens pension is not an income. Pension is given for survival after service by loosing 35 to 40 years of his quality life...It is unfair after paying tax through out his life Govt. expects tax on pension also...
It is ridiculous and unfair...
Some reforms are to be done in this aspect. Let Sr. Citizens live peacefully later part of retirement...
Jaiswalsab apne achhibat batai johame malum nahi thi .Thanku sirji.
Big Thank You Dr Pawan Jaiswal for your informative videos on Income Tax...
Sr.citizens of 70 yr. to 80 yrs. also to be exempted from linking PAN with Aadhaar since they suffer from mismatch problem
To CMS VR DR.PAWAN JAISWAL
KINDLY CLARIFY IF THE ACCRUED INTEREST ON FDRS ETC IS ALSO TO BE INCLUDED AS INCOME FROM OTHER SOURCES IN ADDITION TO NORMAL INTEREST AT THE TIME OF FILING ITR-1
S K PURI
I am thankful to you as well as Govt. of India led by Mr Modi. Thanks & god bless you all.
Thanx. A very good programme for awareness on various tax rules
Thank you Pawan Sir, a great relief came through you.
"Relaxation in Scrutiny
for Senior Citizens :
This class of citizens will not be subjected to tax scrutiny unless a tax officer has reasonable evidence of wrongdoing. This is applicable to seniors and small taxpayers who use ITR-1 and ITR-2 to file their returns according to the Income Tax Department notification reference 402/92/2006-MC (07 of 2011)." from help.allindiaitr.com/hc/en-us/articles/115003714611-Tax-Sops-for-Senior-Citizens
Thanks a lot Mr. PJ . for this valuable information.
TNX for updating info I'm hearing this good news keep it up
EXCELLENT EXCELLENT EXCELLENT EXCELLENT EXCELLENT EXCELLENT
Pawanji,please let me whether medical expenses in out patient treatment can be reckoned as per I.T.rules.
Can we contest if we receive a notice even after meeting the criteria that is income only from pension n bank fd interest?
Very very useful and good informations which help us as senior citizen. Thanks and regards
D.saikia
Dimbeswar Saikia j
Excellent information about Senior citizens by government.
Thank you sir for giving valuable information.but sir give video for fy 2021 _ 2021 AY 2021_2022 for senior citizen IT computation
Waiting for your video of same.
धन्यवाद सर जी सही जानकारी
Can you please give the relevant article / section of the income tax rules.
Nice video...I am waiting for latest video on sr.citizens ?
नेताओं को छूट दी गई है इसमें
Is there any cost circular or under which section of it act cases will not fall under scrutiny of senior citizen , who has INCOME other than business and profession, kindly provide.
Adarneeya aapne bahut hee avashak jankari Kasi hai afhik Santosh hai 85years,6 maah kee age hai rajat milegi prasannata ho aapko dhanyavad
Thanks... please let me know the provision & date ?
Salary Hume milti hai aur tax bhi pay karte hain saal ke antaral.kuch jama kia paisa agar FD me dale to fir Jana punji ki TDs kati jati hain.tax kia compounding hain bhai Sab .reply
Very good information. Thanks
Namaskar. Sr. Citi. Ko self assessment kar TDs deposit karane ko kahna gaya hain. Naye provision bhi aaya hain. F y 2019_20 . All F D's in one bank. Interest income gross is taxable. After availing benefits of diff. Sect(s) . Taxable income is not taxable. But bank will deduct TDs. & deposit with RBI. refund can be claimed & will come in due course of time. CAN. WE SUBMIT FORM 15 H TO BANK , NOT TO DEDUCT THE TDS. a complete study on all related section to be studied and reply in nut Shell
Without supporting notification from finance ministry .This is just a NEWS , may or may not be true
thanks . your vdo date is dated May 2017. i watch it in june 2022. whether it holds good still ?
Good discussion n action for senior citizen we appreciate
It is useful information.
Well explained.thanks. God bless you.
dil khus kar ditta
Would you like to inform the GOVT OF INDIA RULE (FINANCE) under which senior citizen are exempted from scrutiny?
सी ए साहव.क्या आफ आईटीआर भी
जमा खराते.हैं।।क्या शुल्क.है?
सीनियर.सिटीजन
हरिःशरणं
किस साल ये रूल बना था, कृपया बताएं
यदि 65 साल वाले को 154 के तहत नोटिस मिल जावे तो क्या करे,वह भी Leave IN CASHMENT का तो?
Please quote circular or instructions no. which excludes senior citizen from scrutiny
Kindly share CBDT's or MoF's notification exempting sr citizens' ITRs from scrutiny.
Dr sir how r u ? Liked all your discussed .simple and up to the mark and also easy to absorb. I would like to know when we eat in hotel without a/c or home delivery of food - whether GST chargeable in bill or not ? Kindly clarify.thanks regards.
If I have not claimed any refund but has paid tax in excess, would I get refund.
No log. Freedom. Ke. Pahle Janna leave chicken hai. Unko Rs. 1 lakh each .....dijiyega .. Ek Naya. Prayog
For senior citizen ...scrutiny exemption please give circular no.
And for which ass .year?
Please inform. Or inform your phone no.and email address for further communication. Dept. Is not aware of such thing.
Thnx .ur video is v educative.keep up the good work
शुक्रिया
It would be better if senior citizens,who file nil returns,are exempted from filing returns.
THERE IS No Circular From Govt of India if So Please Publish in Papers English or Hindi
I filed my Return for A.Y 2018-19 in time.In the Assessment that I received,a Demand Notice for Rs.380000/- was issued.The IT officer ignored the TDS on my income from FD with Banks though 26 AS has clearly shown this figures. My CA filed for rectification but the Order was not repealed.Since then CA for rectification 2 nd and 3rd time but still nothing has been and the Demand Notice continues to be issued.I am a Super Senior Citizen Having received a Certificate Of being an honest Taxpayer and still this is the treatment meted out to me .What should I do ?
Sunil Dalal
Madam ....I request u to file ur grievance on e- nivarana. ....or through cp gram.....u will get ur problem solved within one month ...if not solved apply again....I am dam sure it will be resolved within 1 month.....
M in income tax department....
An English version would help other people who are not well conversant with Hindi.
Good presentation. Please quote the Order No. issued by Income Tax Department.
Very good understanding
The banks accounts if inoperative are being closed without notice,this is wrong.Sometimes the account owner feels sick or travels out of state.
sir, what is circular number? i could find it only for FY 11-12.
Can retired person get tax benifit for home loan
govt shud give free medication to seniors.
Superb fantastic information Thanks a lots of
sir there are crores of pensioners who depend on their livelihood on fd interest...in the current situation by reduction of interest rate they have suffered loss of about 30% of income...then again with the soaring essential commodity prices it turns out that one suffers a hit of nearly 50 to 55% making it difficult to survive and God forbid if you fall sick !!! could the government please give a thought to this ....
Thanks Given information is useful to senior citizens
If only one son
सर जी भारत सरकार ने सीनियर सिटीजन के लिए दो पेनसल योजना निकाली है।
(1) प्रधान मंत्री वय वंदना योजना । (2) सीनियर सिटीजन सेविंग स्कीम ।
दोनो ही योजनाओ मे अधिक तम पन्द्रह लाख जमा करा सकते है। मान्यवर मुझे बताने का कष्ट करे। कि एक व्यक्ति दोनो योजनाओ मे पन्द्रह पन्द्रह लाख रूपए जमा कर सकता है क्या ।
Notbandi me deposit paisa par scrutiny ke bare me bataiye.
I am a pensioner but got notice under section 143(1)a . My PPF investment was ignored. Why can't IT department provide a facility to upload proof? Or ask for PPF account number to verify? Let them allow us to add proof in the return itself. This notice proves that our system is cumbersome because filling a reply is a big problem for people like me. I hope our finance minister will take notice of my comment
very informative .thank you very much .
KSM
स्क्रूटिनी से छुटकारा तो नहीं मिला मेरा डिमांड नोटिस जारी कर दिया मैं भी सीनियर सिटीजन हूं और सैल्फ ऐसैसमैंट से टैक्स पे किया है फिर भी इसलिए ये झूठी बात है कि सी सि को छूट दी है
Thx lot to u n govt🙂
Sir meri ma ki umar abhi 78 varsh he or unhone 2012 me ak khet jo ki nagrpalika se 8km dur jisko becha he jiski rajistri 28.5 L ki hui vo pesa unhone apne 5 bacho bant diya
Lekin abhi 22/10/19 ko 142(1) ka notis
Mila he hm kya kre
Sir, property sale Karne per broker KO kis slab me Tex pay Karna hota hai.If he takes 5 or 10 persent on property cost.
I have sold a property worth 40 lacs capital gain is about 35 lacs after 20 years. Should I deposited in the bank as FDR or should I purchase I t. Exemption bonds or I can utilise it in the marriage of grand-daughter. . I am 81 years old.
Good information provided by Dr. Pawan for sr citizens.THANKS to you and Govt. Of India
Thanks for guidline
Very nice information specially for senior citizen
Thanks
So Govt has reposed faith in Sr Citizen tax payers.It is now the turn of all below 60 years to be honest & tax compliant & contribute to nation building.
while welcoming the non scrutiny of it return f senior citizen pl confirm a return submitted by a enior citizen requiring refund willbeacgtedupon or simply recorded by it authorities.
छोटी बहन बड़ी बहन को
50 lacks rs बैंक cheque से gift देना चाहती है, तो gift deed document बनाके दें सकती हैं,??
We want the same in English.
What is the age of senior citizens According to information received it's sixty but some offices are applying our own law and telling it's sixty five Commonman don't understand and he is helpless In Maharashtra if you travel by buswyou will not get concession or benefits of senior citizens unless your age is abovesixty five against the government rule of sixty years So no laws are followed please look inttif somebody is interested and having knowledge about the matter Thank you for the information and video Wish you best wishes and good health Have a nice day
Very understandable guidance provided by you. Thanks a lot.
Sir, How can a senior citizen distribute his earnings from retirement benefits to his relatives. Kindly explain.
I AM A SENIOR CITIZEN, WHAT ABOUT FIX DEPOSIT,YOU DID NOT MENTION IN YOUR'S SENIOR CITIZENS'S VIDEO, SO PLEASE EXPLAIN IN DETAIL, THANKS,
Useful tips. Thank you
thanq you sir for valuable information.
sir if someone becomes senior citizen in 2017 can income tax department issue notice under section 148 for ay 2016-2017 in 2023
Thanks Sir,
Please describe, what is scrutiny and what does it mean, how does it effects to one income tax payer Sir ???
Scrutiny ka mean hai jo return me apne deduction claim ki hai unke proof demand kiye jaege..
No douby this will keep BP of Senior citizen in check from April to October
👍👏
to kaya inke a/c kine bhi amount deposit kar sakte he.
Let me know if amount deposited under PMVVY scheme is also eligible for exemption in pension scheme
parasmallmehta no
Very nice
Agar stk mkt ke future and opption segment se income hua he toh..... scootny hoga kya ???? hope u reply
Thanks
Very useful
Can you kindly furnish the Finance Ministry order in this regard.?
Sir income earn from trdg. in stock market is considered as a business income...
Thanks for the information.