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Sanjeev Govila |458 Answers |Ask -Follow

Financial Planner - Answered on Mar 01, 2023

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more

Asked by Anonymous - Feb 22, 2023Hindi

Money

I am a senior citizen aged 68. I was working in a private company and do not get any pension. I had invested some small amounts and get quarterly payout . These were done in Banks. I get about 2 lakh a year in total. Do I have to file returns for AY 23-24? If so should I choose the old regime or new regime. I had saved some money, but all of it was scammed from me sometime in September -October.

Ans: If your total income in a year is less than Rs 3 Lakhs at your age, you are not required to file any Income Tax Return.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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