Discover the Key to Financial Freedom: Tackling Outstanding Tax Demand

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INVC NEWS
Mumbai  : Gain valuable insights into managing outstanding tax demands and unlock the path to financial freedom. Explore expert tips, step-by-step guidance, and practical solutions to address your tax obligations with confidence.

Before filing the Outstanding Tax Demand return, here are the things you need to know:

Login to the e-filing portal: Visit the e-filing portal of the Income Tax Department and log in using your credentials.

Check Pending Actions: After logging in, click on the “Click Pending Actions” option to view the list of all outstanding demands.

Reply to outstanding demand: Select the specific demand you want to address and click on “Reply to outstanding demand.”

Pay Now: If the demand is genuine and you agree with it, you can select that option. You will be directed to the e-pay tax page where you can make the payment. Once the payment is successfully completed, you will receive a confirmation message with a Transaction ID.

Add Challan Details: If the demand is correct, but you have already paid the tax, choose the “Add Challan Details” option. Fill in the details of the challan, including payment type, amount, BSR code, serial number, and payment date. Additionally, upload a copy of the challan in PDF format by clicking on “Attachment” and then save the information.

Disagree with the demand: If you disagree with the demand either partially or entirely, select the “Add Reasons” option. Choose the appropriate reason for disagreement and provide relevant details. After entering the necessary information, click on “Confirm” to submit your response. Upon successful submission, you will receive a success message with a Transaction ID.

It is important to note that the above steps may vary slightly depending on the specific instructions provided on the e-filing portal. Make sure to carefully follow the instructions and provide accurate information while filing your Outstanding Tax Demand return.

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