Budget 2024: FM Sitharaman announces removal of direct tax demands, faster processing time. Details here
The Interim Budget maintains existing rates for direct and indirect taxes. Outstanding direct tax demands up to ₹25,000 for the period until FY 2009-10 and up to ₹10,000 for financial years 2010-11 to 2014-15 are eliminated. The average processing time for tax returns has dropped to 10 days.
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