TaxTMI 
TaxTMI 
TaxTMI 
I WANT EXPLANATION REGARDING SECTION-245, OF INCOME TAX ACT
SECTION-245
sraVAN MAIDAM
Section 245 Explained: Tax Authorities Can Offset Refunds Against Outstanding Tax Liabilities After Notice A query was raised regarding Section 245 of the Income Tax Act, which pertains to the set-off of refunds against taxes payable. The response explained that if a refund is due to a person under the Act, the tax authorities, such as the Assessing Officer or Commissioner, may offset this refund against any outstanding tax liabilities. This action is taken after providing written notice to the individual concerned. (AI Summary)