Refund given back to income tax authorities

Is there any penalties if claimed refund after crediting into bank given back in revised return due to missing some incomes before any notice comes from income tax ??
Replies (3)
Quick Summary
This discussion addresses a situation where an individual received an income tax refund but later realised they missed some income. They are filing a revised return to correct this and pay the additional tax and interest. The main concern is whether there will be any penalties for returning the refund after it has already been credited to their bank account, especially before any notice is received from the tax authorities.

File revised return and pay income income tax along with interest

Thank you very much sir for your gentle help.

👍🏻👍🏻

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
13 November 2026
Chartered Accountant - Fresher

Neeraj Bhagat & Co

New Delhi

CA

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
02 November 2026
Audit Executive

SRJP & Co LLP

Kochi

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
14 November 2026
Manager - Indirect Tax (GST)

Westbridge Consulting LLP

New Delhi

CA

View Details
Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details