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How do you clear outstanding demand in traces?

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How do you clear outstanding demand in traces?

Step 1: Login on Traces website as deductor. Step 2: Click on “Dashboard”. Step 3: After clicking on “Dashboard”. There is a tab of “Total Outstanding Demand”.

How do I change my refund outstanding demand?

Section 245 of the Income Tax Act empowers the assessing officer (AO) to adjust the refund (or a part of the refund) against any tax demand that is outstanding from the taxpayer. In simple words, the IT department wants to adjust the refund due against a demand due from you.

Which Challan is used for outstanding tax demand?

Challan 280 can be used for income tax payments like advance tax, self-assessment tax, surcharge, regular assessment tax, and tax on distributed profits or distributed income.

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How do you respond to outstanding demand?

Step-by-Step Guide to Respond to a Demand Notice

  1. Step 1 : Login to your e-filing account on www.incometaxindiaefiling.gov.in with user ID and password.
  2. Step 2: Click on ‘E-file’ and go to ‘Respond to Outstanding Tax Demand’.
  3. Step 3: Click on ‘Submit’ for the relevant assessment year.
  4. Option 1 – Demand is correct.

What happens if income tax demand not paid?

a) If you select option A If you select option ‘A’, i.e., demand is correct and you have not paid already, then you cannot disagree with demand later on. Click on ‘Pay Now’ and you will be redirected to e-Pay Tax to make the tax payment.

How can I fix TDS online demand?

Steps for online correction on TRACES is as follows: Login to TRACES website with user ID, password and TAN. Under defaults, choose ‘Request for correction’ Enter relevant Financial Year, Quarter, Form Type whether, Latest Accepted Token number. Correction category should be “Online” and click on ‘Submit’

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How do I know if my refund is adjusted against demand?

Go to ‘e-file’ tab-> Response to outstanding demand. a) Against the Outstanding Demand- click on ‘Submit response’ and then select->’Agree with Demand’. On receipt of the confirmation, demand will be adjusted against the refund and the balance of refund, if any, will be issued.

How can I see my tax demand notice online?

Income Tax Department

  1. Go to the ‘e-File’ menu, Click ‘Response to Outstanding Demand’.
  2. All outstanding demands will be displayed here. Click on ‘View’ hyperlink under ‘Response’ column. ​

How do I pay my tax arrears online?

Steps to Pay Income Tax Due

  1. Step 1: Select Challan 280. Go to the tax information network of the Income Tax Department and click on ‘Proceed’ under Challan 280 option.
  2. Step 2: Enter Personal Information. For individuals paying tax:
  3. Step 3: Double check Information.
  4. Step 4: Check Receipt (Challan 280)

What happens if I don’t respond to the notice within 30 days?

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If no response is received within 30 days from issue of notice, the adjustment is made,” he added. A notice can also be issued if you fail to file your return within the prescribed time. “Under section 143(2), a notice can be issued requiring the taxpayer to submit her return,” said Gupta.

How do I pay traces demand online?

2. Brief steps for “Online TDS/TCS/Demand Payment With Challan ITNS 281”.

  1. Go to www.
  2. Step 1: Click on “ e- payment Pay Taxes Online” available at home page and under “Services” tab.
  3. Step 2: Select Challan ITNS 281 for TDS/TCS/Demand payment from the list.
  4. Step 2 (Contd..) : Challan ITNS-281 Form will appear.

How do I pay my outstanding tax demand online?

The outstanding tax demand can be paid online as below:

  1. Log in to www.incometaxindiaefiling.gov.in and click on “My Account” option.
  2. Cross-check the outstanding tax demand amount by clicking “Response to Outstanding Tax Demand” link under e-File menu option as shown below.