Section 245
This query is : Resolved
Yajuvendra Rawat
(Querist)
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
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
(Expert)
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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