IT Act 1961

214 views
User Avatar

1 Points Posted on 14 May 2020
which section allows write off a demand outstanding against an assessee
0 Reply Share Follow
On 14 May 2020 at 19:27 Report
Replies (5)
Quick Summary
The Income Tax Act 1961 does not contain a specific section that allows for the outright write-off of outstanding demands against an assessee. While there's no direct provision, internal circulars may provide a basis for such write-offs under certain circumstances. It's important to consult these guidelines for clarity on the process.

User Avatar

pro badge online

Finance/Compliance Consultant
69650 Points Posted on 14 May 2020
There is NO SECTION like this in IT Act
Reply
On 14 May 2020 at 20:46
User Avatar

pro badge online

Finance/Compliance Consultant
69650 Points Posted on 14 May 2020
There is NO SECTION like this in IT Act
Reply
On 14 May 2020 at 20:51
User Avatar

Chartered accountant
290 Points Posted on 14 May 2020
There is no section for such type of thing
Reply
On 14 May 2020 at 21:49
User Avatar

12244 Points Posted on 15 May 2020
There's no specific section for writing off demand. however there are internal circulars based on which demand can be written off
Reply
On 15 May 2020 at 12:55
User Avatar

Student CA IPC / IPCC
352 Points Posted on 17 May 2020
There is no section for writing off demand in income tax act
Reply
On 17 May 2020 at 19:35

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Guidence requested for a Finance Professional with
  2. Expert Opinion Required – Form 140 Gross Amo
  3. WRONG TAX DEMAND - formal responses , rectificatio
  4. Foreign remittance
  5. Affordable Residential Flats in Gurgaon
  6. Manufacturing
  7. TAN REGISTRATION ON E-FILLING SITE
  8. Form 10-IEA – Continuing Old Regime
  9. Income tax act 2026
  10. Belated Return where Form 10IEA filed this year to

More recent discussions | Post

Related Topics :

Loading