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This notice is issued by the tax authorities when there's an. A notice under section 245 of the income tax act pertains to the mechanism of adjusting tax demands against a taxpayer's pending refunds. Section 245 of the income tax act empowers the assessing officer (ao) to adjust the refund (or a part of the refund) against any tax demand that is outstanding from the taxpayer.
Épinglé par Betsy Amo sur Korean Kristin kreuk, Correspondance
Know how to respond to intimation u/s 245. If you have an income tax refund and liability, you get an intimation under section 245 of the income tax act to adjust the refund against the liability. Learn what a notice under section 245 of the income tax act is and how to respond effectively.
Section 245 of the income tax act:
[1] a harshad number in bases 7, 9, 11, 15,. Memorising this table helps students in calculating the problems relying on multiplication, division and square roots with ease in a short. Intimation under section 245 of the income tax act is specifically dispatched when there is an outstanding tax liability for any previous years. Set off of refunds against tax remaining payable.
Under this intimation, the previous financial. This guide simplifies the process for you. Learn about intimation & manage refunds effectively by responding within 30 days to avoid automatic adjustment or increased liability. The table of 245 is the multiplication table of the number 245.
An intimation under section 245 is a formal communication from the tax department informing you that your pending tax liability from a previous financial year is being proposed to be set.
