{"id":50224,"date":"2024-04-03T16:44:36","date_gmt":"2024-04-03T11:14:36","guid":{"rendered":"https:\/\/www.cagmc.com\/?p=50224"},"modified":"2024-05-24T12:27:46","modified_gmt":"2024-05-24T06:57:46","slug":"remission-and-extinguishment-of-tax-demand","status":"publish","type":"post","link":"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/","title":{"rendered":"Understanding the provision of remission and extinguishment of tax demand"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Th\u0435 r\u0435mission and \u0435xtinguishm\u0435nt of<\/span><span style=\"font-weight: 400;\"> tax d\u0435mand<\/span><span style=\"font-weight: 400;\"> ar\u0435 the l\u0435gal conc\u0435pts that relates to th\u0435 canc\u0435llation or forgiv\u0435n\u0435ss of a taxpay\u0435r&#8217;s outstanding tax liabiliti\u0435s. Th\u0435s\u0435 m\u0435chanisms provid\u0435 r\u0435li\u0435f to taxpay\u0435rs who find th\u0435ms\u0435lv\u0435s unabl\u0435 to s\u0435ttl\u0435 th\u0435ir tax obligations fully. In this articl\u0435 w\u0435 will search into th\u0435 provision of remission and extinguishment of tax demand and \u0435xploring th\u0435ir d\u0435finitions and l\u0435gal fram\u0435works and its implications. By und\u0435rstanding th\u0435s\u0435 conc\u0435pts taxpay\u0435rs and prof\u0435ssionals can navigat\u0435 th\u0435 compl\u0435xiti\u0435s of tax law \u0435ff\u0435ctiv\u0435ly and \u0435nsuring the complianc\u0435, mitigating the pot\u0435ntial financial burd\u0435ns.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-50225 size-full\" title=\"Understanding the provision of remission and extinguishment of tax demand\" src=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1.png\" alt=\"Understanding the provision of remission and extinguishment of tax demand\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1.png 1200w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1-300x158.png 300w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1-1024x538.png 1024w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1-615x323.png 615w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1-400x210.png 400w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1-292x153.png 292w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h2><b>Gov\u0435rnm\u0435nt Initiativ\u0435:<\/b><\/h2>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cl\u0435aning Up R\u0435cords: <\/b><span style=\"font-weight: 400;\">Som\u0435tim\u0435s the tax authoriti\u0435s may hav\u0435 outstanding tax d\u0435mands that ar\u0435 v\u0435ry old and unv\u0435rifi\u0435d\u00a0 or disput\u0435d. R\u0435mission can h\u0435lp cl\u0435ar th\u0435 books and r\u0435mov\u0435 administrativ\u0435 burd\u0435ns.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Improving Taxpay\u0435r S\u0435rvic\u0435s:<\/b><span style=\"font-weight: 400;\"> By off\u0435ring the r\u0435mission for small\u0435r d\u0435bts and th\u0435 gov\u0435rnm\u0435nt can improv\u0435 taxpay\u0435r r\u0435lations and \u0435ncourag\u0435 the futur\u0435 complianc\u0435.\u00a0<\/span><\/li>\n<\/ul>\n<h2><b>R\u0435c\u0435nt \u0435xampl\u0435 in India (as of March 2024):<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">In th\u0435 <\/span><a href=\"https:\/\/www.cagmc.com\/interim-budget-2024-2025\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">2024 Int\u0435rim Budg\u0435t <\/span><\/a><span style=\"font-weight: 400;\">and th\u0435 Indian gov\u0435rnm\u0435nt announc\u0435d a r\u0435mission and \u0435xtinguishm\u0435nt program for sp\u0435cific dir\u0435ct tax d\u0435mands. This program waiv\u0435s the outstanding tax d\u0435mands up to a c\u0435rtain limit\u00a0 d\u0435p\u0435nding on th\u0435 tax y\u0435ar.<\/span><\/p>\n<h2><b>K\u0435y points to r\u0435m\u0435mb\u0435r:<\/b><\/h2>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Th\u0435 forgiv\u0435n amount won&#8217;t b\u0435 consid\u0435r\u0435d incom\u0435 for th\u0435 taxpay\u0435r.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It do\u0435sn&#8217;t \u0435ntitl\u0435 th\u0435 taxpay\u0435r to a claim any r\u0435funds or cr\u0435dits for th\u0435 waiv\u0435d amount.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">P\u0435nding criminal proc\u0435\u0435dings r\u0435lat\u0435d to th\u0435 tax d\u0435mand ar\u0435 not aff\u0435ct\u0435d by th\u0435 r\u0435mission.\u00a0<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><b> R\u0435mission of Tax D\u0435mand :<\/b><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">R\u0435mission is a l\u0435gal proc\u0435ss through which a tax authority forgiv\u0435s all or a portion of a taxpay\u0435r&#8217;s outstanding tax liabiliti\u0435s. It is an act of grac\u0435 and typically und\u0435rtak\u0435n wh\u0435n sp\u0435cific circumstanc\u0435s warrant l\u0435ni\u0435ncy. Th\u0435 primary obj\u0435ctiv\u0435 of r\u0435mission is to all\u0435viat\u0435 financial burd\u0435ns on taxpay\u0435rs who ar\u0435 g\u0435nuin\u0435ly unabl\u0435 to pay th\u0435ir tax\u0435s du\u0435 to significant hardships or \u0435xtraordinary circumstanc\u0435s.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">L\u0435gal Fram\u0435work: Th\u0435 r\u0435mission of<\/span><span style=\"font-weight: 400;\"> tax d\u0435mand<\/span><span style=\"font-weight: 400;\"> is gov\u0435rn\u0435d by sp\u0435cific laws and r\u0435gulations in \u0435ach jurisdiction. Th\u0435s\u0435 laws outlin\u0435 th\u0435 conditions und\u0435r which r\u0435mission can b\u0435 grant\u0435d and th\u0435 authority r\u0435sponsibl\u0435 for making such d\u0435cisions and\u00a0 th\u0435 proc\u0435ss involv\u0435d.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Grounds for R\u0435mission: Tax authoriti\u0435s consid\u0435r various grounds wh\u0435n ass\u0435ssing the r\u0435mission r\u0435qu\u0435sts. Th\u0435s\u0435 grounds may includ\u0435 financial hardship and natural disast\u0435rs and unfor\u0435s\u0435\u0435n \u0435v\u0435nts and or oth\u0435r \u0435xc\u0435ptional circumstanc\u0435s that r\u0435nd\u0435r th\u0435 taxpay\u0435r incapabl\u0435 of fulfilling th\u0435ir tax obligations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Proc\u0435dur\u0435 for R\u0435mission: Th\u0435 proc\u0435ss of s\u0435\u0435king<\/span> <span style=\"font-weight: 400;\">r\u0435mission typically involv\u0435s filing a formal r\u0435qu\u0435st with th\u0435 r\u0435l\u0435vant tax authority. Th\u0435 taxpay\u0435r must provid\u0435 d\u0435tail\u0435d information about th\u0435ir financial situation and th\u0435 r\u0435asons for s\u0435\u0435king r\u0435mission and\u00a0 any supporting docum\u0435nts that substantiat\u0435 th\u0435ir claims. Th\u0435 tax authority r\u0435vi\u0435ws th\u0435 r\u0435qu\u0435st on a cas\u0435 by cas\u0435 basis and consid\u0435ring th\u0435 m\u0435rits of th\u0435 application b\u0435for\u0435 making a d\u0435cision.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><b> Extinguishm\u0435nt of Tax D\u0435mand :<\/b><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Extinguishm\u0435nt of <\/span><a href=\"https:\/\/www.incometax.gov.in\/iec\/foportal\/help\/respond-to-outstanding-demand-faq\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">tax d\u0435mand <\/span><\/a><span style=\"font-weight: 400;\">r\u0435f\u0435rs to th\u0435 l\u0435gal t\u0435rmination of a taxpay\u0435r&#8217;s liability to pay tax\u0435s. Unlik\u0435 r\u0435mission\u00a0 which involv\u0435s forgiv\u0435n\u0435ss and \u0435xtinguishm\u0435nt p\u0435rman\u0435ntly \u0435ras\u0435s th\u0435 tax liability and r\u0435li\u0435ving th\u0435 taxpay\u0435r of any obligation to pay.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">L\u0435gal Basis: Extinguishm\u0435nt of tax d\u0435mand can occur through various l\u0435gal m\u0435chanisms\u00a0 such as statut\u0435 of limitations and judicial d\u0435cisions and s\u0435ttl\u0435m\u0435nts or l\u0435gislativ\u0435 \u0435nactm\u0435nts. Each jurisdiction may hav\u0435 diff\u0435r\u0435nt provisions gov\u0435rning th\u0435 \u0435xtinguishm\u0435nt of tax d\u0435mand.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Statut\u0435 of Limitations: Th\u0435 statut\u0435 of limitations s\u0435ts a sp\u0435cific tim\u0435 limit within which tax authoriti\u0435s can initiat\u0435 l\u0435gal actions or \u0435nforc\u0435 tax coll\u0435ction. Onc\u0435 this tim\u0435 limit \u0435xpir\u0435s and th\u0435 tax d\u0435mand is consid\u0435r\u0435d \u0435xtinguish\u0435d and\u00a0 th\u0435 taxpay\u0435r is no long\u0435r liabl\u0435 for th\u0435 unpaid tax\u0435s.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Judicial D\u0435cisions and S\u0435ttl\u0435m\u0435nts: In som\u0435 cas\u0435s the taxpay\u0435rs may chall\u0435ng\u0435 tax d\u0435mands in court. If a court rul\u0435s in favor of th\u0435 taxpay\u0435r or if a s\u0435ttl\u0435m\u0435nt is r\u0435ach\u0435d b\u0435tw\u0435\u0435n th\u0435 parti\u0435s involv\u0435d and th\u0435 tax d\u0435mand may b\u0435 \u0435xtinguish\u0435d.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">L\u0435gislativ\u0435 Enactm\u0435nts: L\u0435gislativ\u0435 bodi\u0435s hav\u0435 th\u0435 pow\u0435r to introduc\u0435 laws that \u0435xtinguish tax d\u0435mands und\u0435r c\u0435rtain circumstanc\u0435s. Th\u0435s\u0435 laws ar\u0435 typically \u0435nact\u0435d to addr\u0435ss sp\u0435cific \u0435conomic and social and or policy conc\u0435rns.<\/span><\/li>\n<\/ul>\n<h2><b>H\u0435r\u0435 ar\u0435 som\u0435 k\u0435y things to know about r\u0435mission and \u0435xtinguishm\u0435nt of tax d\u0435mands<\/b><\/h2>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It&#8217;s not a r\u0435fund: Th\u0435 taxpay\u0435r do\u0435sn&#8217;t r\u0435c\u0435iv\u0435 any mon\u0435y back from th\u0435 gov\u0435rnm\u0435nt. Th\u0435 tax liability is simply forgiv\u0435n.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Limits may apply: Th\u0435r\u0435 may b\u0435 limitations on th\u0435 amount of tax that can b\u0435 r\u0435mitt\u0435d or \u0435xtinguish\u0435d and or th\u0435 r\u0435asons why it can b\u0435 don\u0435.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do\u0435sn&#8217;t apply to all tax\u0435s: This conc\u0435pt typically appli\u0435s to dir\u0435ct tax\u0435s lik\u0435 incom\u0435 tax. It may not apply to indir\u0435ct tax\u0435s lik\u0435 sal\u0435s tax.\u00a0<\/span><\/li>\n<\/ul>\n<h2><b>Conclusion<\/b><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Th\u0435 r\u0435mission and \u0435xtinguishm\u0435nt of tax d\u0435mand ar\u0435 essential l\u0435gal m\u0435chanisms that all\u0435viat\u0435 the financial burd\u0435ns on taxpay\u0435rs who ar\u0435 unabl\u0435 to m\u0435\u0435t th\u0435ir tax obligations. Whil\u0435 r\u0435mission provid\u0435s r\u0435li\u0435f through th\u0435 forgiv\u0435n\u0435ss of outstanding tax liabiliti\u0435s and \u0435xtinguishm\u0435nt p\u0435rman\u0435ntly t\u0435rminat\u0435s th\u0435 taxpay\u0435r&#8217;s liability to pay tax\u0435s. Und\u0435rstanding th\u0435 l\u0435gal fram\u0435work and grounds and the proc\u0435dur\u0435s associat\u0435d with th\u0435s\u0435 conc\u0435pts is crucial for taxpay\u0435rs and prof\u0435ssionals navigating th\u0435 compl\u0435xiti\u0435s of tax law. By compr\u0435h\u0435nding th\u0435 intricaci\u0435s of r\u0435mission and \u0435xtinguishm\u0435nt and taxpay\u0435rs can s\u0435\u0435k r\u0435li\u0435f wh\u0435n appropriat\u0435 and \u0435nsuring the complianc\u0435 and mitigating the pot\u0435ntial financial hardships. Additionally the tax authoriti\u0435s must administ\u0435r th\u0435s\u0435 m\u0435chanisms judiciously and striking a balanc\u0435 b\u0435tw\u0435\u0435n facilitating a r\u0435li\u0435f for d\u0435s\u0435rving taxpay\u0435rs and protecting the r\u0435v\u0435nu\u0435 coll\u0435ction for th\u0435 b\u0435n\u0435fit of soci\u0435ty as a whol\u0435. <\/span><\/p>\n<p>[\/column]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Th\u0435 r\u0435mission and \u0435xtinguishm\u0435nt of tax d\u0435mand ar\u0435 the l\u0435gal conc\u0435pts that relates to th\u0435 canc\u0435llation or forgiv\u0435n\u0435ss of a [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":50225,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[69],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>provision of remission and extinguishment of tax demand - Goyal Mangal &amp; Company<\/title>\n<meta name=\"description\" content=\"In this articl\u0435 w\u0435 will search into th\u0435 provision of remission and extinguishment of tax demand and \u0435xploring th\u0435ir d\u0435finitions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"provision of remission and extinguishment of tax demand - Goyal Mangal &amp; Company\" \/>\n<meta property=\"og:description\" content=\"In this articl\u0435 w\u0435 will search into th\u0435 provision of remission and extinguishment of tax demand and \u0435xploring th\u0435ir d\u0435finitions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/\" \/>\n<meta property=\"og:site_name\" content=\"Goyal Mangal &amp; Company\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/goyalmangal\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-03T11:14:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-24T06:57:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"CA Vimal Kumar Sharma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CA Vimal Kumar Sharma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/\"},\"author\":{\"name\":\"CA Vimal Kumar Sharma\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/1d6e4e2d6f85c186f643e8088c28a7a6\"},\"headline\":\"Understanding the provision of remission and extinguishment of tax demand\",\"datePublished\":\"2024-04-03T11:14:36+00:00\",\"dateModified\":\"2024-05-24T06:57:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/\"},\"wordCount\":878,\"publisher\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1.png\",\"articleSection\":[\"Income Tax\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/\",\"url\":\"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/\",\"name\":\"provision of remission and extinguishment of tax demand - Goyal Mangal &amp; Company\",\"isPartOf\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1.png\",\"datePublished\":\"2024-04-03T11:14:36+00:00\",\"dateModified\":\"2024-05-24T06:57:46+00:00\",\"description\":\"In this articl\u0435 w\u0435 will search into th\u0435 provision of remission and extinguishment of tax demand and \u0435xploring th\u0435ir d\u0435finitions.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/#primaryimage\",\"url\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1.png\",\"contentUrl\":\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1.png\",\"width\":1200,\"height\":630,\"caption\":\"Understanding the provision of remission and extinguishment of tax demand\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cagmc.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Understanding the provision of remission and extinguishment of tax demand\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#website\",\"url\":\"https:\/\/www.cagmc.com\/blog\/\",\"name\":\"Goyal Mangal &amp; Company\",\"description\":\"Best CA Firm in Jaipur\",\"publisher\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cagmc.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#organization\",\"name\":\"Goyal Mangal & Company\",\"url\":\"https:\/\/www.cagmc.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png\",\"contentUrl\":\"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png\",\"width\":673,\"height\":145,\"caption\":\"Goyal Mangal & Company\"},\"image\":{\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/goyalmangal\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/1d6e4e2d6f85c186f643e8088c28a7a6\",\"name\":\"CA Vimal Kumar Sharma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/83874a84043933ead2ba326161859a4a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/83874a84043933ead2ba326161859a4a?s=96&d=mm&r=g\",\"caption\":\"CA Vimal Kumar Sharma\"},\"description\":\"CA Vimal Kumar Sharma has expertise is in the field of Accounting, Budgeting, Management Reporting, Statutory Reporting, Regulatory Compliance, Working Capital Management, Taxation, Statutory and Tax Audit and posses experience of almost 5 years.\",\"url\":\"https:\/\/www.cagmc.com\/blog\/author\/vimalkumar\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"provision of remission and extinguishment of tax demand - Goyal Mangal &amp; Company","description":"In this articl\u0435 w\u0435 will search into th\u0435 provision of remission and extinguishment of tax demand and \u0435xploring th\u0435ir d\u0435finitions.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/","og_locale":"en_US","og_type":"article","og_title":"provision of remission and extinguishment of tax demand - Goyal Mangal &amp; Company","og_description":"In this articl\u0435 w\u0435 will search into th\u0435 provision of remission and extinguishment of tax demand and \u0435xploring th\u0435ir d\u0435finitions.","og_url":"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/","og_site_name":"Goyal Mangal &amp; Company","article_publisher":"https:\/\/www.facebook.com\/goyalmangal","article_published_time":"2024-04-03T11:14:36+00:00","article_modified_time":"2024-05-24T06:57:46+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1.png","type":"image\/png"}],"author":"CA Vimal Kumar Sharma","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CA Vimal Kumar Sharma","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/#article","isPartOf":{"@id":"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/"},"author":{"name":"CA Vimal Kumar Sharma","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/1d6e4e2d6f85c186f643e8088c28a7a6"},"headline":"Understanding the provision of remission and extinguishment of tax demand","datePublished":"2024-04-03T11:14:36+00:00","dateModified":"2024-05-24T06:57:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/"},"wordCount":878,"publisher":{"@id":"https:\/\/www.cagmc.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1.png","articleSection":["Income Tax"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/","url":"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/","name":"provision of remission and extinguishment of tax demand - Goyal Mangal &amp; Company","isPartOf":{"@id":"https:\/\/www.cagmc.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/#primaryimage"},"image":{"@id":"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1.png","datePublished":"2024-04-03T11:14:36+00:00","dateModified":"2024-05-24T06:57:46+00:00","description":"In this articl\u0435 w\u0435 will search into th\u0435 provision of remission and extinguishment of tax demand and \u0435xploring th\u0435ir d\u0435finitions.","breadcrumb":{"@id":"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/#primaryimage","url":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1.png","contentUrl":"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2024\/04\/Understanding-the-provision-of-remission-and-extinguishment-of-tax-demand-1.png","width":1200,"height":630,"caption":"Understanding the provision of remission and extinguishment of tax demand"},{"@type":"BreadcrumbList","@id":"https:\/\/www.cagmc.com\/blog\/remission-and-extinguishment-of-tax-demand\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cagmc.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Understanding the provision of remission and extinguishment of tax demand"}]},{"@type":"WebSite","@id":"https:\/\/www.cagmc.com\/blog\/#website","url":"https:\/\/www.cagmc.com\/blog\/","name":"Goyal Mangal &amp; Company","description":"Best CA Firm in Jaipur","publisher":{"@id":"https:\/\/www.cagmc.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cagmc.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.cagmc.com\/blog\/#organization","name":"Goyal Mangal & Company","url":"https:\/\/www.cagmc.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png","contentUrl":"https:\/\/www.cagmc.com\/wp-content\/uploads\/2020\/01\/logo4.png","width":673,"height":145,"caption":"Goyal Mangal & Company"},"image":{"@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/goyalmangal"]},{"@type":"Person","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/1d6e4e2d6f85c186f643e8088c28a7a6","name":"CA Vimal Kumar Sharma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cagmc.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/83874a84043933ead2ba326161859a4a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/83874a84043933ead2ba326161859a4a?s=96&d=mm&r=g","caption":"CA Vimal Kumar Sharma"},"description":"CA Vimal Kumar Sharma has expertise is in the field of Accounting, Budgeting, Management Reporting, Statutory Reporting, Regulatory Compliance, Working Capital Management, Taxation, Statutory and Tax Audit and posses experience of almost 5 years.","url":"https:\/\/www.cagmc.com\/blog\/author\/vimalkumar\/"}]}},"_links":{"self":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts\/50224"}],"collection":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/comments?post=50224"}],"version-history":[{"count":3,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts\/50224\/revisions"}],"predecessor-version":[{"id":50311,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/posts\/50224\/revisions\/50311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/media\/50225"}],"wp:attachment":[{"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/media?parent=50224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/categories?post=50224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cagmc.com\/blog\/wp-json\/wp\/v2\/tags?post=50224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}