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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.

Nirmala-sitharaman
Maneesh-bawa
Central-board
Direct-taxes
Union-finance-minister-nirmala-sitharaman
Income-tax-act
Wealth-tax-act
Gift-tax-act
Interim-budget
General-financial-rules
Andersen-india-partner-maneesh-bawa

CBDT sets Rs 1 lakh threshold per assessee for withdrawal of old tax demands

CBDT sets Rs 1 lakh threshold per assessee for withdrawal of old tax demands
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Nirmala-sitharaman
Sanjay-malhotra
Maneesh-bawa
Income-tax-department
Income-tax
Assessment-year
Central-board
Direct-taxes
Finance-minister-nirmala
Andersen-india-partner-maneesh-bawa
Pending-action
Outstanding-demand

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which said tax demands for AY 2010-11 of up to Rs 25,000 and for AY 2011-12 to 2015-16 of up to Rs 10,000 will be withdrawn

Singhi
Chhattisgarh
India
Rajat-mohan
Maneesh-bawa
Narayan-jain
Assessment-year
Central-board
Direct-taxes
Andersen-india-partner-maneesh-bawa
Pending-action-response

Income Tax Department Sets ₹1 Lakh Ceiling for Small Tax Demand

The Central Board of Direct Taxes (CBDT) has set a ceiling of ₹1 lakh per assessee for the withdrawal of small tax demands until the 2015-16 assessment year.

New-delhi
Delhi
India
Sanjay-malhotra
Nirmala-sitharaman
Maneesh-bawa
Income-tax-department
Income-tax-department-sets
Small-tax
Central-board
Direct-taxes
Tax-department-sets

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.

Daastha-gupta
Ashish-niraj
A-sn-company
Central-board
Direct-taxes
Pending-action
Outstanding-demand
Extinguished-demand
Income-tax-act
Wealth-tax-act
Gift-tax-act
Founding-partner

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