Income tax demand of up to Rs 1 lakh/person to be withdrawn

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 Gift Tax Acts, shall be remitted and extinguished subject to the ceiling of Rs 1 lakh for a taxpayer. Taxpayers can check the status of the demands by logging on to the I-T portal.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/JHzKOQe