Tag: direct tax demands

Budget 2024 | Government to withdraw certain long-pending, un-reconciled direct tax demands

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Union Finance Minister Nirmala Sitharaman holding a folder-case containing the Interim Budget 2024. Ministers of State Bhagwat Kishanrao Karad and Pankaj Chaudhary are also seen. | Photo Credit: Shiv Kumar Pushpakar Whilst maintaining the status quo with respect to direct and indirect taxes, Finance Minister Nirmala Sitharaman in her maiden interim budget presentation proposed to…

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FM withdraws all outstanding direct tax demands upto Rs 25,000, will benefit 1 cr taxpayers

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Image used for representative purpose. File | Photo Credit: MURALI KUMAR K Resolving long-pending tax dispute, Finance Minister Nirmala Sitharaman on Thursday, proposed withdrawing all outstanding direct tax demands upto ₹25,000 from 1962 to 2009-10. In her interim budget speech, she noted that a large number of petty or disputed direct tax demands were burdening…

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