TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2012 Amendment Lowers Age for No Tax Deduction Eligibility from 65 to 60 Under Section 197A</h1> Clause 76 of the Finance Bill, 2012 amends section 197A of the Income-tax Act, specifically sub-section (1C). The amendment lowers the qualifying age from sixty-five to sixty years for individuals eligible for no tax deduction under sections 193, 194, 194A, 194EE, or 194K. This applies to resident individuals in India who provide a written declaration that their estimated total income for the previous year results in no tax liability. The change is effective from July 1, 2012.
TaxTMI 
TaxTMI 
