Adjust past income tax arrears with refund claims, government suggests

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The Indian government has suggested that taxpayers can adjust earlier demands with this year's refund claims. The Central Board of Direct Taxes explained that taxpayers can make a representation to agree, disagree, or clarify the status of the demand before the refund is adjusted. This measure aims to facilitate the timely issue of refunds and clean up pending demands.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PE9QrIW

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