What is difference between Refund of income Tax and Demand of Income Tax
This query is : Resolved
12 December 2022
what is difference between Refund of Income tax and Demand of Income Tax
12 December 2022
Based on assessment by IT Dept, if excess tax is paid - then the balance is refunded to tax payer and if less tax is paid - the balance is payable by tax payer for which demand is raised by them.
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