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..
Menu
Demand of Less than Rs.100 u/s 143(1)
Replies (5)
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.
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.
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.
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
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
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
Latest active link https://archive.pib.gov.in/archive2/PrintRelease.aspx
Recent Topics :
- Guidance Required on Filing Fresh Registration und
- IT Return Refund Status AY 2026-27
- Clarification Regarding Income Tax Demand Notice
- Online PAN Download: Check How?
- Demand of Late fee/Interest under section 75 of GS
- DSC registration on TRACES portal
- Can we get registered for MCA if we get a Virtual
- DONATION PAYMENT REG
- GST IDS Refund – Statement 01A: Invoice Not
- TDS deposit code & TDS return
Related Topics :
CAclubindia
