https://www.taxtmi.com/acts?id=32050 The amendment inserts a proviso treating specified sub-clauses as if the threshold of ten thousand rupees were substituted by fifty thousand rupees for payees who are senior citizens, and defines "senior citizen" as a resident individual aged sixty years or more at any time during the relevant previous year. This change raises the monetary threshold below which tax need not be deducted on interest paid to qualifying senior citizens, thereby altering payers' deduction-at-source obligations. en-us Mon, 19 Mar 2018 15:00:23 +0530 Mon, 19 Mar 2018 15:00:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32050 The amendment inserts a proviso treating specified sub-clauses as if the threshold of ten thousand rupees were substituted by fifty thousand rupees for payees who are senior citizens, and defines "senior citizen" as a resident individual aged sixty years or more at any time during the relevant previous year. This change raises the monetary threshold below which tax need not be deducted on interest paid to qualifying senior citizens, thereby altering payers' deduction-at-source obligations. Act-Rules F. Acts / Amendment Acts Mon, 19 Mar 2018 15:00:23 +0530 https://www.taxtmi.com/acts?id=32050