Section 245 of the Income-tax Act, 1961 empowers the income tax department to adjust past years’ income tax outstanding dues with the present year’s income tax refund. The DFC will help individuals understand the reason behind receiving a section 245 income tax demand notice. Here’s how DFC will help:Understand the section 245 income tax notice: DFC agents will have details of the section 245 income tax notice and why it was sent, i.e., due to which discrepancy or error. “DFC agent will help individuals understand the reason behind receiving the section 245 income tax demand notice,” he says. Mediate and help: DFC agents would ask for records pertaining to the reason for which the section 245 income tax demand notice was issued.

Source: Economic Times December 23, 2023 16:55 UTC