A demand raised by IT Department for AY 2010-11, ITR Refund is consistently adjusting with this demand.
1. How can I get settlement details, because we are getting only details that refund has been settled with the demand. whereas Refund amount is already increase due to interest add, so how can I confirm about exact settled amount.
2. Should I pay that demand as one time.
3. If it is paid by ITR Refund, then we would be liable any interest/penalty or not.
Thanks in advance!
@ CA Abhay Gupta : Outstanding Demand Amount is showing on Income Tax portal, which is demanded by ITD. However, ITR Refund of Rs. 1,00,000/- has been already adjusted with this demand but it is still showing as demanded amount.
@ Mr. Ajeet Singh : The reason of this demand is below mentioned.
CA had entered the data in ITR as fake Challan which is not deposited by him, Amount was approx 4,00,000/-
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