The Income Tax Department has asked assessees not to respond to notices of arrears of paltry amounts like Re 1, Rs 4 and Rs 6 as demands of less than Rs 100 would be adjusted against future refunds. The Department has issued the clarification in response to reports that the Central Processing Centre (CPC), Bangalore, is sending notices for payment of tax arrears as small as Re 1, Rs 4 and Rs 6 and thus causing hardship to assessees. "As per extant procedure, demand of less than Rs 100 is not enforced but is liable for adjustment against future refunds," said the Central Board of Direct Taxes (CBDT) in a release.
Source : Economic Times
No comments:
Post a Comment