Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Specified senior citizen tax deduction rule requires Form No. 12BBA, evidence-based Chapter VI-A relief, and bank withholding. Specified senior citizens must furnish declaration in Form No. 12BBA in paper form to the specified bank. The bank must compute total income after allowing Chapter VI-A deduction and rebate under section 87A, then deduct income-tax at the rates in force. The Chapter VI-A deduction is based on evidence furnished during the previous year, and the declaration and evidence must be maintained and made available to the tax authorities when required.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Specified senior citizen tax deduction rule requires Form No. 12BBA, evidence-based Chapter VI-A relief, and bank withholding.
Specified senior citizens must furnish declaration in Form No. 12BBA in paper form to the specified bank. The bank must compute total income after allowing Chapter VI-A deduction and rebate under section 87A, then deduct income-tax at the rates in force. The Chapter VI-A deduction is based on evidence furnished during the previous year, and the declaration and evidence must be maintained and made available to the tax authorities when required.
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