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Age for senior citizenship — how reckoned?

The assessee should have attainted the age of 65 years during the previous year, that being the financial year for which the income is returned. Same interpretation applies now for the higher exemption limit for senior citizens under the present law.

In the reader’s case, he attained 65 years only on June 7, 2005, since a person becomes 65-years old on completion of 65 years from his date of birth. The reader is, therefore, entitled for exemption for the financial year 2005-06, that is, assessment year 2006-07.

The assessing officer is, therefore, correct. The reader should wait for one more year for getting the benefit of senior citizenship under the income-tax law.

S. RAJARATNAM

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