EaseValueChapter XX of the Income-tax Act, 2025 deals with refunds — money returned to you when the tax paid (through TDS, advance tax or self-assessment) exceeds your actual liability. It also covers interest on delayed refunds and the department's power to adjust a refund against an outstanding demand (the successor to the Section 245 set-off, which requires prior intimation).
Frequently asked questions
Can my refund be adjusted against old demand?
Yes — a refund can be set off against an outstanding demand, but only after prior intimation giving you an opportunity to respond (the successor to Section 245).
Disclaimer: Educational overview of the Income-tax Act, 2025 (effective 1 April 2026), not professional advice. Confirm your position with our team before acting.
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