Intimation under section 245 of income tax act

intimation u/s 245, outstanding demand, intimation u/s 245 the rectification
CPC has been lately sending out intimation u/s 245 to assessee having outstanding demand for previous years adjusting it with the refunds of the AY ... including the intimation u/s 245 the rectification i.e. ITR Form, ITR Acknowledgement, Tax Computation, Details of Income and Tax Investments made, .Find out why you have received intimation under section 245 of income tax act. Know how to respond to the Assessing Officer ... Need CA help with your personal & business taxes? Get Income Tax Academy Expert help to file your Income Tax notices, Business Taxes, Register New Business, Return Filing & more. ITR Form, ITR Acknowledgement, Tax Computation, file your Income Tax notices, Return Filing

Revised timeline for verification of arrear demand under section 245 of the income-tax Act, 1961. Reference is invited to Office Memorandum of even number dated. 29.01,2016 vide which the procedure to be followed in cases where notice u/s. 245 has been issued for returns to be processed during ... It makes a lot of sense to quickly respond to the notices as it saves a lot of time and efforts in the process of paying tax. There are a lot of taxpayers who are receiving intimation from the Income Tax Department under Section 245 of the Income Tax Act but they are often not able to understand Section 245 Tax notice, IT Department, Why am I receiving Notice u/s 245, Jurisdictional Assessing Officer

Section 245 Tax notice is the notice by the income tax department to the assessee in whose return the IT Department feels that there's an outstanding demand from earlier years and a refund is claimed in another assessment year. In such a case as per section 245, the AO may adjust refund against the tax Notice u/s 245 informs you of such demands against which your refund would be adjusted within 30 days from date of the notice u/s 245. 2. ... Non payment of tax demand attracts penalty and prosecution as per the provisions of the Income tax Act,1961 along with proceedings for recovery.

Notice u/s 245 Related Queries

1. Why am I receiving Notice u/s 245?

• Your return has been processed at CPC and the same has resulted in refund. The refund so determined is liable to be adjusted against the outstanding demand. Notice u/s 245 informs you of such demands against which your refund would be adjusted within 30 days from date of the notice u/s 245.

2. How do I view my outstanding tax demand?

• You can view outstanding demand by logging onto https://incometaxindiaefiling.gov.in with your user id and password. Go to ‘e-file’ tab-> Response to outstanding tax demand.
• Alternatively, you can also check the demand after login select “My pending actions” in “Dash Board” or click for “For Your action” in Work list tab on the menu bar. 3. How do I respond to outstanding demand/ what is the action points needed to be taken up from my end for the outstanding demand? What should I do next after receiving the Notice u/s 245?

Response can be made by logging into https://incometaxindiaefiling.gov.in with your user id and password. Go to ‘e-file’ tab-> Response to outstanding demand.

i. In case the demand shown is correct:-
a) Against the Outstanding Demand- click on ‘Submit response’ and then select->’Agree with Demand’. On receipt of the confirmation, demand will be adjusted against the refund and the balance of refund, if any, will be issued.

ii. In case the demand shown is partially correct
a) Against the Outstanding Demand- click on ‘Submit response’ and then select->’Demand is partially correct’. Enter the amount of Demand that is partially correct
b) For the incorrect demand, please follow the steps mentioned in step 3 below..
iii. In case the demand shown is incorrect
a) Against the Outstanding Demand- click on ‘Submit response’ and then select->’Demand is incorrect’
b) Give detailed reasons and attach relevant documents to show why the demand is incorrect in your view. This will be reviewed by the Department.

4. How to know the detail procedure to file online response?

To know the detail procedure for filing online outstanding demand response-> Please log onto https://incometaxindiaefiling.gov.in->Go to ‘Help Tab’ -> ‘Response to Outstanding tax Demand’ 4

5. How to know my Jurisdictional Assessing Officer details: .

To know your Jurisdictional Assessing Officer details -> Please log on to https://incometaxindiaefiling.gov.in and click on “Know Your Jurisdictional AO” under “SERVICES” menu. 6. What are the Consequences for not responding to this communication?

If no action taken by you within 30 days of receipt of the notice u/s 245, the outstanding demand as on that date will be considered for adjustment against your refund. FAQ related to Demand queries? FAQ related to Demand can be viewed by logging onto https://incometaxindiaefiling.gov.in and Go to “Help tab” -> FAQs -> ‘Questions Related to Demand Queries’

For further clarification: Call: 18001034455 (Toll Free) or +91-80-46605200 Visit: https://incometaxindiaefiling.gov.in