An analysis by Economic Laws Practice, Taxand India
In India, an income tax assessee will get 21 days to respond to notices issued by the Central Processing Centre (CPC) regarding set-off and withholding of refund. The Income Tax Department says this will help in avoiding delays in the issuance of refunds.
Mitesh Jain, a Partner in our Indian firm, Economic Laws Practice, has been quoted in an article entitled ‘Income Tax assessees to get 21 days to respond to refund adjustment intimations’ published by The Hindu businessline.
In the article, Jain argues that the revised time limit should be reasonable for taxpayers to file their response and further that the instruction provides a step-by-step procedure for taxpayers to furnish a response to intimation under section 245 (1) of the Income Tax Act.
Read the full article here.
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