Section 245

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Yajuvendra Rawat (Querist)
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06 June 2014 Sirs/Friends,

What should i do if i receive and intimation U/S 245 for adjustment of refund against earlier years demand. What should be my process if i accept the demand raised by the IT Department. My question is what should i do further to let the AO know that i accept the demand, how should i contact him as i have file an e return. Please let me know and help.

Best Regards,
Yajuvendra Rawat

Nikhil Kaushik

Nikhil Kaushik (Expert)
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07 June 2014 if you are accepting the demand, then there is nothing to be done. AO will adjust the previous demand against current refund. If there is any refund amount still left, it will be given to you. if there is any remaining demand left even after adjustment against refund, that you need to pay.

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