It demand notice u/s 245 settlement

Jyothis (Article) (1127 Points)

31 July 2016  

There is an Outstanding Demand Income Tax e-filing Account of Rs.240 relating to AY 2014-15 and My refund during AY 2016-17 is Rs.55,670/-.

If i agree with IT Demand, will Rs.240 be adjusted against my refund or Will i required to pay it now.

Will Department charge any interest for same as Notice was raised on 21/04/2016 and i'm settling it now.