The Income Tax Department might send you an intimation under Section 245 of the Income Tax Act, 1961 if you have an outstanding tax demand and are due a refund. This intimation proposes to adjust your refund against the outstanding demand.
Here’s how you can reply to this intimation:
1. Access the e-Filing Portal:
- Go to the Income Tax Department’s e-Filing portal: www.incometax.gov.in
- Log in using your user ID (PAN), password, and captcha code.
2. Navigate to ‘Response to Outstanding Demand’
- On your dashboard, go to Pending Actions > Response to Outstanding Demand.
- This page will show you any outstanding demands against your PAN.
3. Choose an Option and Submit Your Response:
You have two main options to respond:
- Demand is Correct:
- Select this if you agree with the outstanding demand.
- You may also choose to pay the demand immediately by clicking ‘Pay Now.
- Important: Once you submit this response, you cannot disagree with the demand later.
- Disagree with Demand (Either in Full or in Part):
- Select this if you disagree with the demand amount.
- You must provide reasons for your disagreement, such as:
- Demand already paid
- Demand reduced by rectification/revision
- Appeal has been filed
- Any other relevant reason
- You may need to provide supporting documents.
4. Verify Your Submission:
- After submitting your response, ensure that it has been recorded successfully.
Important Points to Remember:
- Timely Response: Respond to the intimation within the stipulated time mentioned in the notice. If you miss the deadline, the department will likely adjust the demand against your refund.
- Accurate Information: Provide accurate and complete information in your response.
- Supporting Documents: Keep any relevant supporting documents (like proof of payment, appeal details, etc.) handy.
- Seek Professional Help: If you are unsure about how to respond or need assistance, consult a tax advisor or chartered accountant.
By following these steps, you can effectively reply to the intimation and ensure your tax affairs are in order.