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Advance tax

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(Querist)
28 March 2015 if advance tax excess paid and in filling of return that time refund shown that much amt we will received the interest plus excess amount or only refund amt , interest plus amount why should not received
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 March 2015 Advance tax is the part of tax for the whole year. even if you paid excess also it will be adjusted with further installment.so interest on advance tax not arise.
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