How senior citizens can avail tax break on interest income under Sec 80TTB
Babysitting not a duty for grandparents: Judge
Tax Benefits for Senior Citizens
Govt mulling six-month jail term for those abandoning elderly parents
UT orders eviction of ex-serviceman’s daughters-in-law
Modiversary: Govt plans healthcare scheme for sr citizens
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Dec 07, 2018
Budget 2018 introduced a new section, 80TTB, under the Income Tax Act which allows senior citizens to claim tax break on specified interest income up to Rs 50,000 in a financial year. The Income Tax Act defines a senior citizen as a resident individual aged 60 years or above during the financial year. …
May 22, 2018
MUMBAI: Parents ought to steer away from a presumption that grandparents are meant to be babysitters, a family court has said, adding that grandchildren should not become their burden in old age.
“It is the primary duty of the parents and not the grandparents to take care of their infant children. …
Skorydov Tax Team
Updated 6 months ago
When one retires, he deserves to live a peaceful life but sometimes the complex Tax laws can be troublesome for Senior Citizens. In order to reduce the hardships, various income tax benefits are now available to senior citizens. This article summarizes certain beneficial provisions of Income tax, applicable to senior citizens. …
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May 12, 2018
NEW DELHI: The Narendra Modi government is planning to increase the jail term for those who abandon or abuse their elderly parents, to six months from the existing three months, according to a senior official.
The Ministry of Social Justice and Empowerment, which is reviewing the Maintenance and Welfare of Parents and Senior Citizens Act, 2007, has also proposed widening the definition of children to include adopted or step children, sons-in-law and daughters-in-law, grandchildren and minors represented by their legal guardians, the senior ministry official said. …
January 3, 2018
The UT Administration has ordered the eviction of 99-year-old retired Army officer Lt-Col Piara Singh’s both daughters-in-law from his house in Sector 27-B here. However, the administration refused to remove the tenants from the ex-serviceman’s property and referred him to approach the competent court of law for this purpose. …
May 22, 2015
NEW DELHI: The government is set to launch a healthcare scheme for senior citizens as part of its social security initiative. Sources said the scheme would be funded through unclaimed deposits available with the government for which the law has already been amended as part of the budget exercise. …
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