Must Know Facts About Income Tax Refunds
Sep07

Must Know Facts About Income Tax Refunds

Once we file our taxes, the Income Tax department examines if the assessee has paid more tax than he/she should have, every assessment year. Those who have paid tax in excess are eligible to receive refunds from the Income Tax department. This situation usually arises in cases where the Tax Deducted at Source (TDS) is more than the tax liability or in situations when an advance tax is paid. How are funds credited to an...

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