Form 15G is submitted by any individual below the age of 60 years.
More than 250 people were found to be millionaires in a probe of the Income Tax department in Kanpur.
The taxpayer has to disclose about gifts received in a financial year while filing income tax returns.
The IT Department launched a new web portal for taxpayers to ease the filing process and make it simple and faster.
Banks offer additional interest rate to senior citizens on fixed deposits. During the pandemic, some banks announced special fixed deposit schemes.