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Income tax demand of up to Rs 1 lakh/person to be withdrawn

India Business News: CBDT said that such small tax demands that were outstanding as on Jan 31, 2024 raised under the I-T Act and also under the erstwhile Wealth Tax and Gi

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Budget 2024: Outstanding direct tax demands up to Rs 25,000 till FY10 and Rs 10,000 for FY11-FY15 withdrawn

The moves comes after several taxpayers received notices from the Income Tax Department over outstanding tax demands dating back decades.

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Interim Budget 2024: What Sitharaman said about withdrawing old tax demands, who will benefit

Budget 2024 Old Tax Demand: The government has proposed to withdraw old disputed direct tax demands of up to Rs 25,000 till FY10, and Rs 10,000 for 2010-11 to 2014-15. Here's what this means, and who it helps.

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NewsClick has a lot to answer: Delhi High Court rejects news portal s plea for stay on income tax demand

High Court noted the assessing officer has virtually held that the transaction between NewsClick and a foreign entity was based on ‘reverse engineering.

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ITR filers can get Tax Demand Notice from Income Tax Dept - Know how to reply on e-filing portal

ITR filers can get Tax Demand Notice from Income Tax Dept - Know how to reply on e-filing portal
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