Got refund though there is additional tax liability

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This query is : Resolved

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An individual received an income tax refund and interest, but later realised their correct income and tax liability were higher than initially declared. They are seeking advice on how to file a revised return and return the excess refund received. The suggested approach is to pay the total tax liability plus interest as self-assessment tax and then file the revised return, allowing the system to reconcile any discrepancies during processing.

Shankar Rao

Shankar Rao (Querist)
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29 July 2025 Respected professionals
I have filed my return of income for the Asst Year 2025-26 declaring income of Rs.7,00,000 and claimed refund of Rs.70,000 and refund also credited to my account along with interest of Rs. 1,300. but my correct income is 11,20,000 and actual tax liability is 71,200. now I want to file revised return of income but while filing revised return I have prompted to pay only balance tax of Rs.1,200. if I paid only 1,200 balance tax along with revised return what about refund already received from income tax department kindly advise me how to return the refund already got
thanking you all

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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29 July 2025 Pay Rs. 71200+1300 as Self assessment tax and file revised return. Let the revised return calculate the balance as refund, but while processing the return it will get nullify.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 September 2025 Good luck...

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