Refund
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 May 2014
What is refund ? why government will give the refund ?
tds etc..
tds etc..
24 May 2014
What you have collected but do not owe is not yours. Thus has to returned to payer and is called as 'refund'.
Similarly, when excess tax has been collected than what assessee is liable for, IT department refunds such excess along with interest as per relevant sections and subsections of IT ACT.
Btw, please google such basic stuff rather than asking on forum.
Similarly, when excess tax has been collected than what assessee is liable for, IT department refunds such excess along with interest as per relevant sections and subsections of IT ACT.
Btw, please google such basic stuff rather than asking on forum.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- GSTR-9C filing
- Working on Gold wastage during Melting of old gold jewellery
- Import Order Cancelled.
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Capital gains in IT returns
- Form 144 TDS Return Validation Error – Mandatory Fields
- Advances to related party
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
