The basic exemption limit in case of a non-resident individual being a senior citizen for assessment year 2018-19 is:

CS Executive · Tax Laws and Practice · PYQS · December 2018
The basic exemption limit in case of a non-resident individual being a senior citizen for assessment year 2018-19 is:
(A) ₹5,00,000
(B) ₹3,00,000
(C) ₹2,50,000
(D) ₹1,80,000

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C). Official source note: The basic exemption limit in case of a nonresident individual being a senior citizen for assessment year 2018-19 is : (A) ₹ 5,00,000 (B) ₹ 3,00,000 (C) ₹ 2,50,000 (D) ₹ 1,80,000

Topics: Income Tax Act, 1961

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