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>Omission of Section 88B ends special income-tax rebate for resident seniors aged 65+ effective 01-04-2006</h1> Section 88B, formerly providing a rebate of income-tax for resident individuals aged sixty-five or above, has been omitted with effect from 01-04-2006. Historically the provision entitled qualifying seniors to a deduction from their computed income-tax-variously framed as a percentage of tax or a fixed rupee limit-and was amended repeatedly to change the rebate rate and monetary cap. The section's removal means no statutory rebate under Section 88B is available for assessment years on or after the omission date.
TaxTMI 
TaxTMI 
