tax payable: Income tax refund of this amount will not be paid by tax dept
Synopsis As per a government press note in 2012, if the amount of income tax refund or tax payable is this much, then you are neither liable to pay such tax demand amount nor will you receive such refund amount in your pre-validated bank account. Getty Images Sec 143 (1) notices sent by the income tax department to taxpayers after processing their returns also indicate the above in cases where there is a refund or tax demand of less than Rs 100. Did you get an intimation from the income tax dep...
Abhishek Soni Suresh Surana Central Processing Centre Standing Committee Of Parliament Income Tax Act Standing Committee
Source: indiatimes.com