CBDT recovers Rs 92,400 crore in outstanding tax
The Central Board of Direct Taxes (CBDT) recovered ₹92,400 crore in outstanding tax in this financial year (2024-25) till March 15, said people familiar with the matter.
Tag: outstanding income tax
Income Tax Department’s DFC Can Help Address Issues With Older Outstanding Taxes
While not many taxpayers might be aware of the fact, it should be noted that the income tax department can deduct an old tax demand from the current year’s tax return under Section 245 of the Income Tax Act 1961.…