11 May 2009
Generally, excess advance tax is refunded to the assessee. If the refund is not received and assessee wants to adjust it in net year, then he needs to write an application to the AO in this behalf.
11 May 2009
The adjsutment is made only after giving the refund. So please claim a refund. That refund can be adjusted against outsanding demand of other years.
But one thing yet not clear to me that if we are filing the return as showing amount refundable or make a claim for refund then how we can adjust it against the next year tax liability.
CAclubindia
