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Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 10th October, 2015 Subject: Clarification regarding fresh Income tax notice to Nokia India. There have been some reports in the media yesterday and today that the Income tax Department has issued fresh demand notice to Nokia India. … Read more
What is the provision section 245? Section 245 of Income Tax Act empowers the Assessing Officer to adjust the amount of refund against tax remaining payable. If a refund is due to taxpayer, the Assessing Officer, in lieu of payment of the refunds, set off the amount against previous outstanding dues. But Assessing Officer can … Read more