Income Tax : Income-tax attachments can halt business and personal finances. Relief depends on identifying the correct legal trigger and pursui...
Income Tax : The tax department has begun emailing taxpayers about pending demands shown on the portal. This explains why such demands exist an...
Income Tax : Taxpayers are facing revival of decades-old demands without prior notice or service of orders. The key takeaway is that such deman...
Income Tax : Explore the proposed scheme for resolving unresolved tax demands, easing taxpayer burdens, and improving compliance through fair, ...
Income Tax : Faceless assessments in FY 23-24 raised Rs 43 trillion in tax arrears, sparking concern over the impact on India's tax ecosystem a...
Income Tax : KSCAA Representation regarding adjustments (over and above 20% of disputed demand) by CPC despite assessments pending before first...
Income Tax : Grievances and suggestions with respect to the functioning of Demand Facilitation Center, CPC (DFC) in connection to the outstandi...
Income Tax : The Taxpayer can submit the response online to the outstanding demand by performing the below steps. 1. Go to the Income Tax e-Fil...
Income Tax : CBDT desires that all the work related to cleaning up of the tax demands and calculating the tax payable or refundable in respec...
Income Tax : Verify online notice/order issued by the Income Tax Department Now Taxpayer can verify notice/order issued by the Income Tax Depar...
Income Tax : Read the full text of the judgment from Madras High Court on G.K. Reddy's case against DCIT. Court rules pension cannot be attache...
Income Tax : Assessee had not been able to make out a prima facie case in its favour and had a ‘lot to answer’ in the appeal. Assessee's pl...
Income Tax : Delhi HC directs refund of Income Tax amount exceeding 20% of the demand. Read about the Max Life Insurance case and the decision ...
Income Tax : ITAT reversed the demand under Section 200A attributable to merely wrong mention of TAN in the TDS deposit challan...
Income Tax : Uptill AY 2016-17, if a scrutiny notice u/s 143(2) is issued, the return is not required to be processed u/s 143(1) for grant of r...
Income Tax : Instruction No. 01 of 2023 by Directorate of Income Tax (Systems), exploring implications for income tax payers and their response...
Income Tax : ADVISORY NO.: 45 Dated:- 14.07.2022 0/o PCDA(0) Pune, Public Relation office (PRO) Subject: Income Tax Demand Notice under section...
Income Tax : Corrigendum to Order under section 119 of the Income-tax Act, 1961 dated 16.10.2020 for exercising power of intrusive or coercive ...
Income Tax : The functionality of demand adjustment by AO u/s 245 can be accessed while passing assessment order, rectification order into the ...
Income Tax : As per the Central Action Plan issued for the F.Y. 2017-18, all pending appeals having tax effect of Rs. 50 crore or more are to ...
Supreme Court directs income tax dept to refund Rs. 733 Crores to Vodafone within four weeks.
Uptill AY 2016-17, if a scrutiny notice u/s 143(2) is issued, the return is not required to be processed u/s 143(1) for grant of refund to the assessee however, from AY 2017-18 & onwards, a different regime is prescribed by Parliament by inserting section 241-A which required separate recording of satisfaction on part of AO that having regard to the issue of notice u/s 143(2), the grant of refund was likely to adversely affect the revenue. The withholding of refund required the previous approval of the PCIT with reasons to be recorded in writing. Thus, demands in respect of earlier assessment years including the liability as a result of order dated 28.12.2019 being outstanding, the respondents would be entitled to invoke the requisite power under Section 245 to set off the amount of refund payable in respect of AY 2014-15 against tax remaining payable.
Many a times there are Mis match between TDS shown in Form 16 / Form 16A and actually deposited by Employer / Other party. However at the time of filing Income Tax Return the assessee claims full TDS as per TDS certificate received. Due to this at the time assessment CPC / AO send intimation of Demand. Further there are various reason and stages where demand raise, however there is no consolidated date based of status of each demand.
Whenever assessing officer issues assessment order u/s 143(3), 147, 271(1)(c) along with it notice of demand u/s 156 is also raised. This demand notice is usually required to be paid within 30 days of service/receipt of the same. In case assessee fails to pay the demand within the required time, he/she becomes assessee in default.
Taxpayers can view the details of their Arrear Demand in ‘My Account’ as communicated by their jurisdictional Assessing Officers to CPC. Steps to View Income tax Demand / Arrears Payable Online 1. Login on https://incometaxindiaefiling.gov.in/portal/index.do 2. Go to ‘My Account’ and Click on ‘Current Status of Arrear Demand’ as depicted in picture below :-
Assessee needs to seek stay of outstanding demand since his Bank account has been attached by the department. Also he has financial stringency. Attachments to bank accounts withdrawn to enable assessee to pay tax demand.
The functionality of demand adjustment by AO u/s 245 can be accessed while passing assessment order, rectification order into the ITBA system. In case, refund is determined in Computation of Assessment, Rectification then, following 4 below mentioned options regarding demand adjustment u/s 245 shall be available through ITBA.
Learn about the recovery of outstanding tax demand and the resources available to assist the assesses in protecting themselves from unjust tax recovery.
Find out how to respond to outstanding income tax demands under Section 143(1). Learn the steps for online payment and dispute resolution.
Learn about the procedure of recovery under the Income Tax Act and understand the different modes of recoveries available.
