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

. Tax demands totalling about Rs 3,500 crore will be withdrawn following the announcement. ....

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TDS deducted, but not filed ITRs? You may soon get income tax notice

Central Board of Direct Taxes (CBDT) chairman Nitin Gupta said that the department will be sending notices to only those taxpayers for which it had definitive information. ....

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Old Tax Disputes: Demand to Increase Claim Limit in Old Tax Disputes in Pune | Pune News

The demand to increase the claim limit in old tax disputes in Pune is being raised by the Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA). They believe that the government should have increased the withdrawal limit to Rs 1 lakh, instead of the announced Rs 25,000 in the interim budget. Additionally, they are urging the government to make the income tax appellate process faster and provide amnesty to taxpayers proportional to the relief amount. ....

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Budget 2024 income tax: Some relief for taxpayers; outstanding personal tax demands up to Rs 25,000 withdrawn | Business

Budget News: During Budget 2024 speech, the Finance Minister Nirmala Sitharaman announced the removal of disputed direct tax demands up to Rs 25,000, aiming to provide relief to income taxpayers. This is expected to benefit approximately 1 crore taxpayers. Find out more details about this announcement here. ....

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Budget 2024: Sitharaman tax demand withdrawal to benefit 10 million taxpayers

The move is in line with the government’s commitment to provide ease of living to citizens by reducing compliance burdens | Latest News India ....

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