It refund regarding
This query is : Resolved
15 December 2015
One of our clients had filed original IT return showing a refund of Rs90,000.Subsequently the return was revised and the refund amount was reduced to Rs.70,000.00.However the Income tax department has now processed the refund based on the original return and have issued refund DD for Rs.90,000.What can be done regarding this?Can we encash the DD for the full amount and pay the differential amount as self assessment tax?Or is there any other alternative available?
Ganeshbabu K
(Expert)
25 January 2016
Encash the cheque and pay tax for extra money received.
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