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What is difference between Refund of income Tax and Demand of Income Tax

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(Querist)
12 December 2022 what is difference between Refund of Income tax and Demand of Income Tax
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CA Punit

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CA Punit (Expert)
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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