The Income Tax Department will soon send notices to people who have not filed Income Tax Return (ITR). According to Business Today, the Economic Times report states that tax notices will also be sent to those people whose tax has been deducted at source.
This means that if TDS has been deducted but ITR has not been filed then a notice may come.
Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta said that the department will send notices only to those taxpayers about whom it has definite information. He said that the focus of the Income Tax Department ranges from reducing the refund time to updating returns or resolving major tax disputes. Also the department wants to improve the service for taxpayers.
Management center resolving tax related disputes
CBDT Chairman said that CBDT has set up a Demand Management Center in Mysuru, which is focusing on tax disputes of more than Rs 1 crore. He said that under this, taxpayers can contact CA and officials to resolve these tax disputes. Gupta said that earlier it was limited to only the Karnak dispute, but now it is solving the issue of entire India.
Rebate on outstanding taxes in the budget
In the Interim Budget 2024, Finance Minister Nirmala Sitharaman had announced to withdraw the outstanding tax demand up to Rs 25,000. He said there were a large number of small, unverified, unresolved or disputed direct tax demands, many of them dating back to 1962. This is recorded in the records, due to which honest taxpayers have faced problems regarding refunds.
What did the Finance Minister announce?
In the interim budget, Nirmala Sitharaman said that I propose to withdraw the outstanding direct tax demand up to Rs 25,000 for the period up to the financial year 2009-10 and up to Rs 10,000 for the financial year 2010-11 to 2014-15. About one crore taxpayers are expected to benefit from this.
