FM waives off disputed direct tax demand of Rs 10,000-25,000
Thu, Feb 1, 2024 1:13 PM

FM waives off disputed direct tax demand of Rs 10,000-25,000

A Flip by Shubhangi Gupta
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Finance Minister acknowledges the distress faced by taxpayers due to unresolved tax disputes and announces waiver of outstanding demands of up to Rs 25,000 for disputes linked to 2009-10 and up to Rs 10,000 for disputes linked to 2010-11 to 2014-15. This move is expected to benefit around 1 crore taxpayers and reduce litigation in direct tax demands since 1962.

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