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

Taxblock , Last updated: 01 September 2022 Share Follow on Google News

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

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Taxblock

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

Taxblock India Private Limited, founded in 2019, is a fintech startup located in Pune, Maharashtra. We are enrolled as an E-Return Intermediary with Income Tax Department have established an In-House team of Technology Tax Experts to build a Financial Compliance Ecosystem for Individual Corporates. Our clients cho ... Read more

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