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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

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

Circulars     Income Tax

March 9, 2016

U/s 245 of Income Tax Act 1961 revised timeline for verification of arrear of demand - In case no response is received from the AO within thirty days. CPC would issue the refund without any adjustment. The responsibility of, non-adjustment of refund against outstanding arrears, if any, would lie with the Assessing Officer.

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