I have demand for Rs.40000 in 2015-16.
and I have refund for Rs. 70000 in 21-2022
how to adjust in income tax?
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How to adjustment demand from refund in income tax
Replies (2)
The income tax department will send you an intimation u/s 143(1) wherein your refund for AY 2021-22 will be adjusted against the demand of AY 2015-16.
Pay demand for 2015-16 and get full refund for AY-2021-22
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