Hello!!
There is a client who had recieved a notice under sec 245 of Income Tax Act to set off refund against a demand. He has received this intimation on various dates but has failed to act upon it. Now, he has approached with the intimation copy asking help to obtain full refund.
I would like to know -
- What are the consequences of not replying to the intimation under section 245?
- Is there any possibility of getting back the entire refund?
Kindly guide.
Thanks & Regards
Anjali