31 March 2021
Hi I filed my ITR in Nov 2020 and my tax refund was successfully processed and credited in Dec. However on 29th March 2021, like many others I received the message for acknowledging high value transactions and revise ITR if applicable.
My query: My total tax paid was X and tax liability was X minus 15000. So i got a refund of 15000 in Dec 2020. However now my tax liability after declaring other sources under savings accounts and FD is "X plus 15000". So, as I have already received the refund, my additional liability should be 30,000. however the portal is not yet updated with the tax refund that was processed in Dec 2020 and its asking me to pay only 15,000 as the additional tax (instead of 30,000)
CAclubindia
