Adjustment of refunds against outstanding tax demand using assessing officer-uploaded demand details ensures centralised set-off during return processing. Set-off of refunds arising from processing of a return against tax remaining payable is effected through a centralised mechanism that uses outstanding tax ... Summary
Adjustment of refunds against outstanding tax demand using assessing officer-uploaded demand details ensures centralised set-off during return processing.
Set-off of refunds arising from processing of a return against tax remaining payable is effected through a centralised mechanism that uses outstanding tax demand details uploaded to the central system by the Assessing Officer to apply the set-off against matching liabilities.
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