Neha Nagar Instagram – Government is waving off your taxes ?
The Finance Minister announced in the 2024 budget that all tax demand notices from 1962 to 2010 will be waived off if the value of the notice is less than Rs 25,000.
And tax notices from 2010-2015 will also be waived off if the value is less than Rs 10,000.
Also, if there are multiple notices, then tax notices up to Rs 1 lakh will be waived off.
To avail the waiver, you will need to file an application with the Income Tax Department. The application form can be downloaded from the website of the Income Tax Department.
The last date for filing the application is March 31, 2024.
Here are the steps to apply for the waiver:
1. Download the application form from the website of the Income Tax Department.
2. Fill in the application form and attach the required documents.
3. Submit the application form to the Income Tax Department.
The required documents are:
-Proof of identity, Proof of address, Proof of income, Tax demand notice
The Income Tax Department will process your application and will inform you about the decision within 30 days.
Follow @iamnehanagar for more such insights. | Posted on 22/Feb/2024 18:07:11
