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U/s 245 of Income Tax Act 1961 revised timeline for verification of arrear of demand

Income Tax - F. NO. 312/109/2015-OT - Dated:- 7-3-2016 - OFFICE MEMORANDUM DATED 7-3-2016 Reference is invited to Office Memorandum of even number dated 29-1-2016 vide which the procedure to be followed in cases where notice under section 245 has bee .....

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t the contention of the taxpayer, asking him to either confirm, or make appropriate changes to the demand within thirty days. In case no response is received from the AO within thirty days. CPC would issue the refund without any adjustment. The respo .....

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agree with the demand and submit response on the e-filling portal within thirty days. In case no response is received from the taxpayer within thirty, days, CPC would adjust the demand and issue the balance refund, if any, to the taxpayer. 2. In view .....

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