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.
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