If you take a distribution from your IRA, you must include the amount in your income unless an exception applies. One of the exceptions is a distribution that is rolled over within 60 days of receipt.

People turning 60 at any point during the financial year can now claim senior citizen benefits for the full year while filing ...

Form 121 replaces Form 15H, which is filed by senior citizens, as well as Form 15G, which is filed by individuals below the age of 60. Here's a detailed explanation of the changes and key mistakes to ...