One Lakh Income Tax Notices To Be Resolved By March 2024, Says Finance Minister

Only cases which are as old as six years or less can be reopened and must involve a threshold of escaped income above Rs 50 lakh.

Image source: PIB

Finance Minister Nirmala Sitharaman has said that around one lakh income tax notices sent to taxpayers in fiscal 2023 are expected to be resolved by the Central Board of Direct Taxes by March 2024.

Also Read: Income Tax Return Filing Rose 6.18% In FY23, Says Nirmala Sitharaman

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WRITTEN BY
Janani Janarthanan
Janani is a policy correspondent tracking the Indian economy and reporting ... more
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