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Are you eligible for tax demand waiver of Rs 25,000? May be yes, may be no

Tax demand notice withdrawal in Budget 2024: The finance minister Nirmala Sitharaman has announced the withdrawal of tax demand notices of up to Rs 25,000/Rs 10,000 for certain financial years. However, according to tax experts, there are certain grey areas which needs clarity on who will get benefit for this announcements.

Nirmala sitharamanShalini jainPeople advisory servicesFinance minister nirmala sitharamanTax partnerIncome tax actTax demand waiverTax demand noticesRs 25000Budget 2024Interim budget

Eicher Motors: Eicher Motors gets Rs 130 cr tax demand notices, company to challenge

The company has received a demand order for an aggregate amount of Rs 129.79 crore, including a penalty of Rs 11.8 crore and applicable interest from the office of the Principal Commissioner of CGST and Central Excise, Chennai, Eicher Motors said in a regulatory filing.

Tamil naduEicher motorsOffice of central goods service tax commissionerateOffice of excise and taxationPrincipal commissionerCentral exciseExcise and taxation officerState tax officerCentral goodsService tax commissionerateTax demand noticesGst creditDemand orderPrincipal commissioner of cgst and central exciseService tax

PROPERTY OWNERS ENCOURAGED TO PAY PROPERTY TAX BILLS - Government of Montserrat

PROPERTY OWNERS ENCOURAGED TO PAY PROPERTY TAX BILLS - Government of Montserrat
gov.ms - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gov.ms Daily Mail and Mail on Sunday newspapers.

Revenue serviceRevenue divisionInland revenue divisionMontserrat customsRoland irishTax demand noticesProperty tax bills

I-T unearths Rs 30,000-crore tax evasion by insurance companies, intermediaries

To recover the dues, the I-T department is in the process of issuing tax demand notices to these entities. Additionally, the total amount owed may escalate with the imposition of interest and penalties in due course.

West bengalLux industriesServices taxEconomic timesDirectorate generalCorporate social responsibilityIncome tax departmentTax evasionInsurance companiesAx evasion insurance companiesInternal income tax department assessmentTax demand notices

I-T pegs tax evasion by insurance companies, intermediaries at ₹30,000 cr

The department is in the process of sending tax demand notices to these entities to recover the dues, people aware of the details told ET. The amount could increase once interest and penalties are levied, they said. "We are sending demand notices along with penalty and interest to companies separately and they will get the mandated time to respond to them or contest them," a senior official said.

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