Outstanding Direct Tax Demands Waived

Certain Outstanding Direct Tax Demands Remitted Following 2024 Budget Proposals.

The CBDT has issued an Order vide F. No. 375/02/2023-IT-Budget dated February 13, 2024, announcing the remission and extinguishment of certain outstanding direct tax demands as per the Finance Minister’s budget speech for 2024-25. Demands up to specific monetary limits across various assessment years until 2015-16 are covered, with an overall cap of ₹1,00,000 per taxpayer. This excludes TDS/TCS demand entries.

How to check, if Outstanding demand has been extinguished?

After login to https://www.incometax.gov.in/iec/foportal/

Put Cursor on Pending Actions -> Response to Outstanding Demand.

All Outstanding Demand for the period till AY 2015-16 has been extinguished / waived off.

Read the Order here:

Download the Copy of the order:

https://www.incometax.gov.in/iec/foportal/sites/default/files/2024-02/Attachment.pdf#

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