TaxTMI 
TaxTMI 
I WANT EXPLANATION REGARDING SECTION-245, OF INCOME TAX ACT
SECTION-245
27 Dec 2016 
1 Reply 
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Set off of refunds against outstanding tax liabilities permitted, subject to written intimation to the taxpayer.
Section 245 allows an authorised tax official to set off a refund, wholly or partly, against any sum remaining payable under the Act by the person entitled to the refund, as an alternative to paying the refund. The power is exercisable by specified assessing and appellate officials, who must give an intimation in writing to the person before taking the proposed action. (AI Summary)
Section 245 allows an authorised tax official to set off a refund, wholly or partly, against any sum remaining payable under the Act by the person entitled to the refund, as an alternative to paying the refund. The power is exercisable by specified assessing and appellate officials, who must give an intimation in writing to the person before taking the proposed action. (AI Summary)