Income Tax Demand news

Response to outstanding Income Tax Demand

The Taxpayer can submit the response online to the outstanding demand by performing the below steps. 1. Go to the Income Tax e-Filing portal, `www.incometaxindiaefiling.govin’ 2. Login to e-Filing portal by entering user ID (PAN), Password, Captcha code and click ‘Login’. 3. Post login, click on the ‘e-File’ ...

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Posted Under: Income Tax |

CBDT prioritise Vivad Se Vishwas Scheme case of demand & Refund

CBDT  desires that all the work related to cleaning up of the tax demands and calculating the tax payable or refundable in respect of all eligible assesses under Vivad Se Vishwas Scheme is taken up on priority and completed by 31st August 2020. Also Read- CBDT directs all CIT(A) to dispose at least 80 appeals […]...

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Posted Under: Income Tax |

Verify online notice of Demand/order issued by Income Tax Department

Verify online notice/order issued by the Income Tax Department Now Taxpayer can verify notice/order issued by the Income Tax Department online quickly before proceed to response of notice/order. Step: – 1. Go to and click on Notice/Order Issued by ITD Step: – 2. Taxpayer can search...

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Posted Under: Income Tax |

Tax Recovery to achieve Recovery Targets should be only after following due process of law

We have noted the internal instruction No. F.NO. D.01380/02/2018-IT(B) Dt. 26th March, 2019 issued by Member, CBDT and Special Secretary to Government of India, Instructing all Pr. CITs across India to take all possible actions with respect to recovery of arrears and current demand to achieve shortfall of 14.9% in the targeted revenue col...

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Posted Under: Income Tax |

Pay IT dues in advance at RBI or at authorised bank branches

Press Release : 2016-2017/1087 02/11/2016

Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date....

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ICAI invites Feedback on I-T Arrear Demand Verification Portal

The Income Tax Department has launched an Arrear Demand Verification Portal at which can be accessed by the assessees with their respective user-id. This portal provides various options in the assessee’s dashboard for settling/modifying the outstanding demand against the assessee’s name....

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Posted Under: Income Tax |

TDS deducted but not deposited – Demand against deductee

NA 11/03/2016

The Central Board of Direct Taxes had issued directions to the field offices that taxpayers whose tax has been deducted at source but not deposited to the Government’s account by the deductor, will not be asked to pay the demand to the extent tax has been deducted from his income....

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Revised guidelines for stay of demand at first appeal stage

With a view to streamline the process of grant of stay of demand when the case of the taxpayer is pending before Commissioner (Appeals) and to standardize the quantum of lump sum payment required to be made by the assessee as a pre-condition for stay of demand disputed, the Central Board of Direct Taxes has issued fresh guidelines to the ...

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Posted Under: Income Tax |

Amend Section 281B To Provide Release Of Attached Property On Submission Of Bank Guarantee

Under Section 281B, AO has the power to provisionally attach the assets, with the approval of the CIT/CCIT. Such attachment is supposed to be temporary, with a limit of 6 months, extendable to a maximum of 24 months. However, in view of the fact that in many such cases, the proceedings itself get stayed as a result of applications made by...

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Posted Under: Income Tax |

Recommendations Regarding Recovery of Disputed Income Tax Demand

Under the existing regime for recovery of demand, Assessing Officers insist upon collecting disputed demands even when they are in appeal. The situation is aggravated in years when the revenue collection targets are ambitious. In practice, this is leading to serious hardship to the taxpayer particularly in cases where there is high-pitche...

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Posted Under: Income Tax |

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September 2021