TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Tax Board waives outstanding demands up to Rs 25,000 for old cases and Rs 10,000 for recent years</h1> The Central Board of Direct Taxes issued an order waiving outstanding tax demands for specific assessment years with monetary limits. For assessment years up to 2010-11, demands up to Rs. 25,000 per entry are waived, while for years 2011-12 to 2015-16, demands up to Rs. 10,000 per entry are waived. The total waiver is capped at Rs. 1 lakh per assessee, covering principal tax, interest, penalties, fees, cess, and surcharges under Income Tax, Wealth Tax, and Gift Tax Acts. The waiver excludes TDS/TCS demands and does not confer rights to claim credits, refunds, or immunity from criminal proceedings. Implementation is assigned to the Directorate of Income-tax Systems and Centralized Processing Centre, Bengaluru.
TaxTMI 
