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Demand of Less than Rs.100 u/s 143(1)

Shaikh Shahnaz (Chartered Accountant) (96 Points)

03 February 2019

Is there any circular of IT department which states that demand of less than Rs.100 can be ignored.
I have searched but could not find it.
please help..

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 03 February 2019

The Government of India has issued a press note dated January 5, 2012, wherein it is clarified that demand of less than Rs 100 will not be collected from the assessee.
It has been clarified that a demand of less than Rs 100 will not be enforced on the assessee but is liable for adjustment against future refunds.

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Shaikh Shahnaz (Chartered Accountant) (96 Points)
Replied 03 February 2019

Thank you for your prompt reply Sir
but I have been searching that press note but could not find
If you can please send me that press note
I will be grateful to you.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 03 February 2019

Though the exact press release not available; but its print is available at ..

https://tax guru.in/income-tax/income-tax-arrear-letter-cpc-bangalore-communication-demand-demand-notice.htm l

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Shaikh Shahnaz (Chartered Accountant) (96 Points)
Replied 03 February 2019

Thank you for the reply Sir
I got the press note
here is the link
https://pib.nic.in/newsite/archiveReleases.aspx

select the date 5-1-12 and ministry of finance

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