Deduction in respect of interest on deposits in case of senior citizens.

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..... - (a) a banking company to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act); (b) a co-operative society engaged in carrying on the business of banking (including a co-operative land mortgage bank or a co-operative land development bank); or (c) a Post Office as defined in clause (k) of section 2 .....

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..... n, senior citizen means an individual resident in India who is of the age of sixty years or more at any time during the relevant previous year. ] ******************** Notes:- 1. Inserted vide THE FINANCE ACT, 2018 , w.e.f. 1st day of April, 2019 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India .....

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