Hi All,
Thanks in advance for responding to my enquiry. I had this quick clarification on Outstanding Tax Demand. I had visited australia in 2011 in my income tax I did not receive foreign tax credit. I was asked to pay the entire amount considering Dual taxation rules in india. Now for the assessment year 2011-12 , I have received an Outstanding Tax Demand and it says the Outstanding Demand Amount is around 50k.
A 3rd party was processing my tax returns and according to them I had a tax liability of around 4lakhs, but in my income tax outstanding it shows a different number. Curious to know, will this be the final settlement or will they come back asking for more?
Please advise on how am I supposed to proceed do with this request.
CAclubindia
