It demand notice u/s 245 settlement

291 views 1 replies

There is an Outstanding Demand Income Tax e-filing Account of Rs.240 relating to AY 2014-15 and My refund during AY 2016-17 is Rs.55,670/-.

If i agree with IT Demand, will Rs.240 be adjusted against my refund or Will i required to pay it now.

Will Department charge any interest for same as Notice was raised on 21/04/2016 and i'm settling it now.

Replies (1)
if u agree with the demand it will be automatically adjusted to the refund of Rs. 55,670/-. you need not to pay it separately. no interest is charged thereon.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details