shan (NA) (48 Points)
22 July 2011Hi ,
or this Aseesment year , I calcuated my tax lliability wrongly using old slab rates.
According to new rates my liabilit is in 10% categoty whereas I have calculated as 20%.
And deposited that money through online bank transaction to IT department.
Now when doing the Efiling can i indicate that I need Refund ?
will this refund get processed by IT?
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 22 July 2011
yes, calculate and show refund, it would get refunded by income tax, after CPC processing
CA E SRINIVASA RAO FC.A.
(PRACTICE)
(63 Points)
Replied 22 July 2011
Yes, you get to the extent of eligible as per correct slab rates from department.
CA. MANAL CHAWLA
(CA + CS Professional)
(566 Points)
Replied 22 July 2011
Yes, You will get your excess amount which was you worngly deposited in income tax a/c after the assessment of your return.
hitesh
(Telecom Industry)
(169 Points)
Replied 22 July 2011
file the revise return, and claim the refund in the same....
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