IT act sec 245 and demand notice

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418 Points Posted on 22 June 2024

4 years back, I had deposited differential tax at SBI counter thru challan and uploaded the same on portal while filing tax return. However, this year as refund is there, Dept issues Demand notice u/s 245 threatening adjustment.  How to resolve this.

Please guide.

 

 

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On 22 June 2024 at 07:11 Report
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If you've received a demand notice under Section 245 of the IT Act, it's crucial to verify if your previously deposited differential tax is reflected correctly. Check your Form 26AS for challan details and outstanding demand information. If you disagree with the proposed adjustment, you must file a formal response with the tax department stating your disagreement.

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SEO Sai Gr. Hosp.
121534 Points Posted on 22 June 2024

You need to check whether the tax was deposited with ITD. whether the challan is reflecting in form 26AS?

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On 22 June 2024 at 09:04
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40 Points Posted on 22 June 2024
First check the details of outstanding demand. if you don't agree for the adjustment, file a response to the notice saying that you disagree with the demand
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On 22 June 2024 at 19:53

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