Guide to follow when income tax refund gets adjusted with prior outstanding demands

Taxblock , Last updated: 01 September 2022
Share

Section 245 of the Income Tax Act empowers the Income tax department to adjust any amount of refund due to the assessee with any previous outstanding tax liability. However, this power can only be exercised after issuing of notice u/s 245 to the assessee by providing an opportunity of being heard wi

You have reached daily limit of 2 Free Articles. To view this or other Articles please subscribe to CCI PRO :

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 1999/-

Offer Price : INR 999/-

Duration : 1 year
(Prices Inclusive of GST)

Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)

Published by

Taxblock
(Taxblock is One stop solution to ITR, GST, U.S Tax, NRI, EXPAT, TDS, Tax Planning and many more for Individual & Business)
Category Income Tax Report