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Income tax refund

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(Querist)
22 January 2014 We are eligible for income tax refund but an intimation has come from IT Dept that refund is adjusted against Sec 143(1) & 1431a.
What are the implications of this intimation??
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
22 January 2014 check your previous years intimations.

in your previous years demand is arose that is adjusted in current year intimation.

you have to file rectification and choose option "taxpayer correcting mistake in rectification"
choose reason that adjusted demand

put your xml file
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Mokshak Mehta

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Mokshak Mehta (Querist)
24 January 2014 Sir Could you elaborate the last part?
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