The Central Board of Direct Taxes(CBDT) has issued new Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19, making it one page simplified ITR Form-1(Sahaj), that may benefit around 3 crore taxpayers. However, criticism mounted on personal questions it seeks from the taxpers. This new ITR Form-1 (Sahaj) can be filed by an individual who is resident other ...

Government has launched the ‘Pradhan Mantri Vaya Vandana Yojana (PMVVY)’ to provide social security during old age and to protect elderly persons aged 60 and above against a future fall in their interest income due to uncertain market conditions. The scheme enables old age income security for senior citizens through provision of assured pension/return linked to the subscription amount based ...

Adoption of Uniform age criteria of sixty years for benefits of Senior Citizens being extended by different organizations (such as Airlines, Insurance companies, State Governments, etc) is under consideration in this Ministry, pursuant to the recommendation of the Group of Secretaries on Education and Social Development, Constituted by the Government. It is proposed to bring suitable amendment to the Maintenance ...