FD Rates should be fixed at higher rate for Sr Citizens upto a limit. For example, Sr. Citizen FD rates should be 7% fixed for next 3 years upto FD of 10lakhs. Beyond that, it should be rates as applicable. This would safeguard non-pension citizens more
It is not just the rates of FDs but the most important is increasing TDS limit of Rs.5000/Rs.10000/- . Filing of 15G / 15H Forms. These forms need to be centralized or should be linked to aadhaar. Lot of paper work and administrative work and time as well as inconvenience to Honest Citizens can be saved. It can also relieve the Income Tax staff who can concentrate on real evaders of taxes and tax defaulters. more
Mr Ranabir Ghosh Numerous schemes are available. Nothing is guaranteed in the life. One Should Opt for dividend if in the highest tax bracket.Otherwise it is not beneficial. Alternate methods are there to maximise the return. Let us join and exchange ideas / views more
All participants can join the group"Sixty plus" my email ID Plletmeknow yourmailIDsoas to sent the invitation for joining the group.The rich experience, the way for improvements from the learnings can be shared for the benefits of all more
I had filed my income tax return for the assessment year 2021-22 under section 139(1) i.e., filed on or before the due date, and claimed the refund of Rs. 5000 plus. The same was acknowledged by th...
I am a senior citizen and filed my return on the 18th Oct but till date (23rd Dec) I have not recd my refund. I have called their Helpline no also many times. They say they will lodge my complaint ...
For bank fixed deposits in India: 2016: 9.3% interest 2019: 8% interest 2021: 5.5% interest Senior citizens retirement plans must be under water unless they did enough ...
God news. A lot of time has been vested. In the Court, it may be advised that any future such new thing must be tested in all respect and by all stakeholders, before the due date I.e. 31/03 in this...
Always wondered, why does an investor have to fill in income details with the broker? I buy shares if I have money. I do not need to have an income. And PAN number is a must. So why do you add this...
Rates on small savings schemes reduced by 50-90 basis points. PPF in April-June quarter to earn you only 6.4% interest against 7.1% earlier. Senior Citizens Savings Scheme to earn on 6.5% now compa...
I raised this point on earlier occasions also. No relief seen in any budget. I made a suggestion as follows: There are some schemes exclusively for the benefit of Senior Citizens like Se...
Request guidance as to which is the appropriate circle & authority to whom i can complain regarding the below mentioned issue: Lately with many of my relatives and friends staying in Gurga...
Recently our CBDT isued a press release saying it cannot punish compliant and honest tax payer by extending various due dates for the assessee who are dishonest, lazy and non compliant and our secu...
By SUBHASH PARAKH
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