{"id":2944,"date":"2019-12-04T12:53:13","date_gmt":"2019-12-04T07:23:13","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=2944"},"modified":"2024-06-14T14:49:42","modified_gmt":"2024-06-14T09:19:42","slug":"procedure-of-under-section-245-notice","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/procedure-of-under-section-245-notice\/","title":{"rendered":"Procedure for Handling of Notice Under Section 245 of Income-Tax Act, 1961"},"content":{"rendered":"

If a person has filed his returns and declared everything as per the provisions of the act and still received the notice from the income tax department, the first thing that a taxpayer thinks on receiving an income tax (I-T) notice<\/a> is whether he or she has unknowingly got on the wrong side of the law.<\/span><\/p>\n

\"Sec-245<\/p>\n

It has been noticed in most of the cases, where the department sent the notice to the assessee for the demand outstanding but the assessee did not take it seriously and after some time in any other financial year, the assessee filed the return and claims the refund, In such case, the assessing officer may send the notice under section 245 of the income tax act, 1961.<\/span><\/p>\n

This is the intimation under which the assessing officer informs the taxpayer to deposit the outstanding demand within the time as specified in the intimation otherwise his claimed refund shall be adjusted with his pending demand.<\/span><\/p>\n

For Example:<\/strong> Take Ms. Sanya, who received a letter from the department. It stated that her assessment for the financial year 2018-19 has been completed. But it had a note that her refund is adjusted against pending tax liability that she had five years back.<\/span><\/p>\n

But she recalled that once the I-T department had intimated her about the outstanding demand by notice for the same year but she had already filed an application for rectification for the specific financial year.<\/span><\/p>\n

If sanya did not take any action immediately then it would lead to a high amount of loss In case you have received a similar letter, don\u2019t worry. A few checks can help you as to how to tide over it in a simple manner.<\/span><\/p>\n

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