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Refund

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(Querist)
09 April 2016 My firm received refund of A.Y 14-15 in March 2016.Shall I take it in A.Y 16-17 and under what HEAD?
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
09 April 2016 Yes, you have to but it will be set off against excess tax paid.
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student

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student (Querist)
11 April 2016 Yes but under what head?
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
11 April 2016 for ex. if you paid 10000 advance tax and your tax liability was 9000 so excess 1000 will refundable so set off against advance tax thats it.
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