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Income Tax: CBDT sets outstanding tax waiver limit at Rs 1 lakh How to check status?

The order stated that the outstanding demands for remission should pertain to income, wealth, and gift tax. The upper ceiling of Rs 1 lakh for remission includes tax demand, interest, penalty if any, and cess and surcharge.

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You may get waiver above Rs 1 lakh on your income tax demand notice in these cases

Income tax demand waiver: The Central Board of Direct Taxes (CBDT) has stated in a circular dated February 13, 2024 that the tax department would waive off all eligible tax demands up to an aggregate limit of Rs 1 lakh per taxpayer. Experts opine that if the tax dept waives off both tax demand and interest on such demand, the quantum of demand waived can be much more than Rs 1 lakh.

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Central Board of Direct Taxes (CBDT) | Limit of Rs 1 lakh per assessee till Assessment Year 2015-16 set for tax write-off

The CBDT order lays down the details of the scheme announced in the last budget which said tax demands for AY 2010-11 of up to Rs 25,000 and for AY 2011-12 to 2015-16 of up to Rs 10,000 will be withdrawn

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Taxpayers, check ITR portal NOW: Pending tax demand up to Rs 1 lakh per individual waived by govt

Income tax outstanding demand: The Central Board of Direct Taxes (CBDT) has stated via a order that the income tax department has started waiving eligible old tax demand. However a maximum ceiling limit per taxpayer/assessee has been set and no outstanding tax demand entries above this ceiling limit would be extinguished.

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Withdrawal of small IT demands not to entail credit, refund, says IT Dept

Withdrawal of small IT demands not to entail credit, refund, says IT Dept
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Maneesh bawaSandeep sehgalNirmala sitharamanCentral boardDirect taxesMinister nirmala sitharamanWealth tax actGift tax actIncome tax actTax deductedTax collectedNangia andersen indiaPending actionOutstanding demandExtinguished demand