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How a person can claim a refund of excess amount deposited towards payment of tax on declared income?
How a person can claim a refund of excess amount deposited towards payment of tax on declared income?
Meghna
Answered on January 02,2020
Answered on January 02,2020
There is no provisions to claim a refund of excess tax payment made under this scheme. However, the Central Government shall notify the class of persons to whom the excess amount paid towards the tax, surcharge, and penalty shall be refunded. [Inserted by the Finance (No. 2) Act, 2019 w.e.f., 01-06-2016].
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