Legal
Tax Queries: Taxpayers do not need to pay demand below Rs 100
Dilip Lakhani, senior chartered accountant, answers queries from our readers on income tax and other levies. I recently received an intimation under Section 143(1) wherein the tax department demanded Rs 60 as ‘net amount payable’. The letter mentions ‘Demand Identification No’, but does not figure in the ‘Respond to outstanding…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Economic Times