Question of the year ? u/s 143(1), is it possible ???

first of all, 26as does not show status of any demand or refund, so never think that way. now, here you need to collect all intimation u/s 143(1) from AY 2009-10 to till date to check for any demand or refund calculated by AO only then you will be able to verify this adjustment.

this adjustment is only possible if any demand had been raised by AO and which was not paid till date. so the department while calculating the refund adjusted the demand along with interest. if any amount is still left then it is refunded to assessee or carried forward next year for further adjustment.

Thanks for your reply , but as far as your reply is concern you said that " 26as does not show status of any demand or refund, so never think that way "

what's wrong with you ?????

26AS shows refund due not refund status which i mentioned earlier clearly ,

so my question to you that , what is 26AS ? Do you know that ?? you know what is Tax credit statement ??? 26AS shows total tax credit of an assesses ,it's not only TDS,TCS, but also Self assessment tax but not DEMAND STATUS , Got it, 

So, first of all you have to know all the matters , you have to go through all the basic matters  before reply of any query of Palash Raksh*t.

Second one , in my query , i said clearly that there is no question of Demand since a.y 2009-2010, and it's an e filing case so, as per Demand Status " no demand raise either by CPC Bnagalore or Local AO since a.y  2009-2010 "

Then how can you imagine that " this adjustment is only possible if any demand had been raised by AO ??? "

Your answers are not upto the mark,

Anyway thanks.

 

Once check in Income Tax efiling Website if there are any Outstanding demands and form 26AS shows the following details

• tax deducted/collected, deposited on our incomes
• Income Tax refund granted to us 
• Tax paid by us as self assessment tax
• High value transaction(if any) reported by our bank to Income Tax Department

 

@ palash.. i respect your knowledge.. but after your reply i was really confused and checked 26AS of one of my client whose refund was due to see whether 26AS shows any refund due. but it is not showing anything there. i found a column which shows "details of refund paid" but not refund due.

 

as far as my reply regarding adjustment is concerned, i didnt say same has been done in your case. it is just a probability and you should verify it with intimation u/s 143(1) for AY 09-10 onwards. the same adjustment was done last year for one of my client and that is why is said it is possible. even today i have received a notice u/s 245 for set off of demand against refund.

 

i dont find any other reason for adjustment of refund.