https://www.taxtmi.com/article/detailed?id=9994 A statutory mechanism allows banks designated as specified banks to compute total income of a qualifying specified senior citizen-after giving effect to Chapter VI A deductions and the section 87A rebate-and to deduct income tax on that basis, conditional on a verified declaration in Form No.12BBA and supporting evidence which the bank must retain and produce to tax authorities on demand. en-us Mon, 13 Sep 2021 09:25:49 +0530 Mon, 13 Sep 2021 09:25:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9994 A statutory mechanism allows banks designated as specified banks to compute total income of a qualifying specified senior citizen-after giving effect to Chapter VI A deductions and the section 87A rebate-and to deduct income tax on that basis, conditional on a verified declaration in Form No.12BBA and supporting evidence which the bank must retain and produce to tax authorities on demand. Articles Income Tax Mon, 13 Sep 2021 09:25:49 +0530 https://www.taxtmi.com/article/detailed?id=9994