29 February 2016
An assessee filed the return before due date claiming a refund of Rs 20000/- for which refund was issued by tax department. Subsequently the assessee revised the return whereby he claimed refund on 12800/- only. In such a case what is the procedure to payback the excess refund received earlier? Shall the assessee wait till CPC raises demand or pay the taxes on his own?
29 February 2016
The return has already been revised claiming refund of 12800/-. Shall the assessee deposit the challan for "tax on regular assessment" for the difference amount today only?
CAclubindia
