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Adding a nominee to your bank or mutual fund account is a highly effective way to achieve this goal.
Senior citizens, defined as residents aged 60 years or above but less than 80, have different criteria for filing an ITR.
The UPI and LankaPay National Payment Network facilitate these transactions.
First, check if you are eligible to submit Form 15G or Form 15H.
Utilizing gifted money to settle outstanding debts, such as credit card balances or loans, can be highly beneficial.