Explanation of intimation u/s. 245
This query is : Resolved
Akshay Shah
(Querist)
04 January 2016
Please give a detailed explanation of Intimation u/s. 245. What is its purpose?
ANKIT AGARWAL
(Expert)
05 January 2016
Earlier the Tax authorities use to directly adjust previous demands with the refund due to the assessee. But now they send a prior Notice and then do the adjustement based on response from the assessee
Akshay Shah
(Querist)
05 January 2016
Thanks for the reply, Sir.
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