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May 6, 2024 · 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. In simple words, the IT department wants to adjust the refund due against a demand due from you.
Mar 27, 2024 · What is Intimation u/s 245? Intimation u/s 245 is a type of notice/intimation issued by the Income Tax Department to inform you that they are adjusting your previous year’s pending tax payable with the current year’s refund.
Nov 30, 2023 · Intimation under Section 245 is a formal notice issued by the Income Tax Department to inform taxpayers that they are adjusting a previous year's pending tax payable with the current year's refund. Section 245 of the Income Tax Act grants the department the authority to make such adjustments.
There is a total of 6 factors of 245. Amongst 6 factors 2 factors are prime numbers. In this mini-lesson, we will explore the factors of 245, solve problems, and learn about its factors in pairs and its prime factors. Factors of 245: 1, 5, 7, 35, 49 and 245; Negative Factors of 245: -1, -5, -7, -35, -49 and -245; Prime Factorization of 245: 5 ...
The table of 245 is the multiplication table of the number 245. Memorising this table helps students in calculating the problems relying on multiplication, division and square roots with ease in a short duration.
Convert 245 US Dollar to Indian Rupee using latest Foreign Currency Exchange Rates. The fast and reliable converter shows how much you would get when exchanging two hundred and forty five US Dollar to Indian Rupee.
Jul 2, 2020 · FAQs relating to Section 245 and Outstanding Demand are as under: 1. Why am I receiving Notice u/s 245? 2. How do I view my outstanding tax demand? 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? 4.
Dec 26, 2023 · Learn about income tax refund set-off under Section 245. Discover the process, rights, and implications for taxpayers. Get insights into recent changes and how to respond to adjustments.
RGB color (245, 245, 245) to Hex, Pantone, RAL, HSL and HSB formats. Convert it to JSON format and generate color schemes for your design.
Oct 19, 2023 · Section 245. Last updated on October 19th, 2023. The Income Tax Department issues intimations and notices to taxpayers for a range of purposes. Intimation under section 245 of the Income Tax Act is specifically dispatched when there is an outstanding tax liability for any previous years.
